In a bid to reshape the landscape of European logistics, Stockoss, a French tech startup, has successfully raised €4 million in seed funding. The investment, spearheaded by London-based VC Pi Labs and joined by Global Brain, 50Partners, Hartwood, and Kima Ventures, positions Stockoss to propel its innovative solutions beyond borders, eyeing expansion into the UK, Germany, and Spain.
Europe's warehousing scenario, dominated by SMEs (76% of total warehousing space), faces a critical challenge. Existing infrastructure struggles to meet the evolving demands for flexibility, efficiency, timeliness, and cost-effectiveness in storage and distribution. Rather than constructing new facilities, Stockoss advocates a technological overhaul of Europe's 35,000 independent warehouses to sustainably address the surging demand.
Founded by Laurent Bonnet and Franck Nussbaumer, Stockoss stands at the forefront of this logistical revolution. Their cutting-edge software seamlessly integrates the entire logistics value chain, enhancing visibility, efficiency, and automation. This positions local warehouse owners to compete on a grand scale, offering a user-friendly platform comparable to the convenience of major players like Amazon.
At present, Stockoss boasts 180 satisfied customers, manages 650,000 stored products, orchestrates 55,000 monthly shipments, all powered by a dedicated team of 22.
Laurent Bonnet, CEO of Stockoss, expresses pride in the platform's impact: "We are proud that our platform enables hundreds of users to simplify and automate their logistics processes on a daily basis. Our technology provides a 10x better user experience and more flexibility for customers, as well as higher productivity and more revenues for our warehousing and logistics partners."
Faisal Butt, Founder and Managing Partner at Pi Labs, shares his enthusiasm for Stockoss's mission: "Stockoss reflects our overall mission to invest in technology that will digitalise and decarbonise the built environment, particularly in logistics and distribution which is one of the fastest-growing segments in the sector."