Logistics start-up gets €4m boost
Stockoss, a Paris-based logistics technology start-up, has raised €4m (£3.5m) in seed funding led by London-based VC Pi Labs.
Additional backing was provided by Global Brain, 50Partners, Hartwood and Kima Ventures.
Stockoss offers 100% digitalised warehousing and logistics services for customers, such as Stellantis, Netflix and Jacquemus, to meet their ever-growing storage and distribution needs across a fast-growing network of high-quality logistics and warehouse partners in multiple locations.
Stockoss, a Paris-based logistics technology start-up, has raised €4m (£3.5m) in seed funding led by London-based VC Pi Labs.
Additional backing was provided by Global Brain, 50Partners, Hartwood and Kima Ventures.
Stockoss offers 100% digitalised warehousing and logistics services for customers, such as Stellantis, Netflix and Jacquemus, to meet their ever-growing storage and distribution needs across a fast-growing network of high-quality logistics and warehouse partners in multiple locations.
By unifying the entire logistics value chain and improving the visibility, efficiency and automation of operations, Stockoss aims to provide independent warehouse owners a platform to operate on a much bigger scale and compete with bigger rivals.
Laurent Bonnet, founder and chief executive, said: “Our aim has always been to use technology to simplify the relationship between a company and its logistics partners, whether it’s to improve day-to-day communication or increase visibility, traceability and transparency across the entire logistics value chain.”
He added: “The funding from Pi Labs and our other investors will enable us to take our solution and expand our logistics network to new geographies such as the UK, Germany and Spain, and bolster our team further to continue delivering a better product experience. Amazon has profoundly changed the way we think about B2C logistics. Stockoss will have the same impact on B2B logistics.”
Faisal Butt, founder and managing partner at Pi Labs, said: “Across Europe, 76% of all warehousing space is operated by SMEs, but much of this existing stock is unable to meet customer demands for more flexible, efficient, timely and cost-effective solutions for their storage and distribution needs. The way to sustainably meet growing demand is to use technology to upgrade the operations potential of Europe’s existing 35,000+ independent warehouses, instead of building new stock.”
He added: “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.”
To send feedback, e-mail samantha.mcclary@eg.co.uk or tweet @samanthamcclary or @EGPropertyNews
Photo © Marcin Jozwiak/Unsplash
