OneStock raises $72 million from American fund Summit Partners

The Toulouse start-up OneStock, which supports players in the retail in their omnichannel transformation since 2015 with its unified order management system, received this Tuesday, May 21, an investment envelope of 72 million dollars (66.2 million euros) from the American fund of growth equity (or development capital) Summit Partners.

A global investor in growth capital, Summit Partners wants to support the international development and particularly in the United States market of the French company OneStock, one of the main providers of order management solutions (Order Management System, i.e. OMS ), as well as accelerating the company’s mission to shape a retail landscape where order management is smoother and easier for retailers and end customers alike.

The OneStock start-up, which was founded almost ten years ago by Romulus Grigoras (CEO) and Benoît Baccot (technical director), is now reaching a new milestone. The fund of capital-risk Refined Capital Partners led OneStock’s seed funding round in 2019, then retained a significant minority stake following pan-European private equity firm Silverfleet Capital’s €11 million investment in 2021.

“The Refined Capital Partners team has actively supported our growth and the refinement of our strategic vision over the past five years,” comments Romulus Grigoras, the co-founder and CEO of OneStock in a press release. “Thanks to their support, we have optimized our operations, improved our customers’ experience and more than doubled our annual recurring revenue.”

A “cloud native” solution to manage end-to-end orders

“Given the proliferation of physical and online sales channels and consumers’ growing demands for product availability and immediacy, we are convinced that OMS is now emerging as an essential component of supply chain for the retail“, says Steffan Peyer, the managing director of Summit Partners who will sit on the board of directors of OneStock. “OMS solutions cloud native of OneStock are, in our eyes, the most intuitive, scalable and functional on the market to help brands better manage their stocks, accelerate their development and sell more, while wasting less.”

With this $72 million investment, Summit Partners becomes the sole institutional shareholder of OneStock alongside business angels, when Refined Capital Partners and Silverfleet exit the capital.

Helping retailers and brands improve the overall customer experience, OneStock offers a solution cloud native (that is to say deployed and operating in the cloud, editor’s note) and a user-centric platform designed to manage end-to-end order fulfillment and visibility. Used today by more than 100 retailers and international brands based in 25 countries, OneStock claims that its platform processes more than €2.5 billion in orders per year, positioning itself as the European leader in order management.

The company created in Toulouse has experienced rapid growth in recent years and claims “recurring revenues multiplied by 2.5 since 2021”. It has been widely adopted in various sectors, notably in the fashion and luxury industry with the brands Givenchy, Ba&sh, s.Oliver, Jigsaw, Hackett, Dune, Moss and Whistles. With this investment, the start-up plans to attract the United States by 2025, for its tenth anniversary.