Cloud-based SaaS startup Stockagile has just secured €2.5 million in fresh funding. The Barcelona-based startup has developed a platform that optimises and streamlines inventory and sales management across all channels – giving a boost to SMEs’ business processes.
With a booming ecommerce market, small and medium businesses have found themselves needing to digitalise their processes and centralise all their online, in-store and marketplace sales in one place. Doing so gives SME business leaders and owners clearer oversight and better management processes.
On a mission to facilitate this, Barcelona-based Stockagile has just scored €2.5 million in a round led by the Pan-European venture capital firm, Nauta Capital, 4Founders Capital, Angels, Juan Roig’s investment firm part of Marina de Empresas, and Zone2Boost.
Founded in 2017, Stockagile offers a cloud-based platform that enables inventory and sales management across all sales channels – bricks and mortar, online and marketplaces. It means all data and information can be centralised in one place – a massive organisational boost for SMEs who are increasingly expected to be omnichannel by nature.
Miquel Subirats, co-founder and CEO of Stockagile, explained: “The future of retail lies in agile ways of working, optimisation and automation. SMEs need to sell as much as possible with limited resources in order to survive; they can only achieve this through digitalisation. Stockagile digitalises processes and connects the different sales channels using the latest technology to help retailers earn more. We aim to reach a point where many of the retail processes are automated – from deciding price points to placing orders with suppliers.”
The company was founded by two brothers, Miquel and Joan Subirats. Engineers by profession, they quickly identified the lack of digitalisation within SMEs in the retail sector. Their product supports retailers in their end-to-end supply chain by synchronising catalogues, stock availability and orders in real-time.
Jordi Viñas, Barcelona-based Nauta Capital Partner, added: “According to market research, it is expected that by 2040 in-store and online sales volumes will be similar, nowadays the split is closer to 20/80 respectively. Companies, such as Stockagile, that connect the offline and online worlds within the retail industry have experienced a boom following the pandemic and we believe this trend will continue, making them a vital part of retail’s future.”
Stockagile customers include small and medium businesses that sell physical products: brands, wholesalers, businesses, retail chains, ecommerce stores or digital brands that need to digitalise their processes or need to centralise their online, in-store and marketplace sales – and they’ve been picking up steam. In 2021, Stockagile was selected to be part of Lanzadera, Juan Roig’s start-up incubator and also part of Marina de Empresas.
Now, looking to the future, the startup wants to enhance the platform offering and increase customer sales. It will also use the new funding to launch a fresh sales and marketing strategy.
Marc Castilblanco, Principal at 4Founders Capital, also commented: “The rapid growth rate that retail technology that helps digitalize and improve inventory management has had. After a year as investors, we pushed another round of funding given the high potential of the project and because we believe that Miquel and Joan can make Stockagile the go-to-solution in inventory management for the retail industry.”