Stockoss, a Paris-based logistics technology start-up, has raised €4m in seed funding led by London-based VC Pi Labs. The investment signifies a major milestone in Stockoss’ mission to streamline and enhance supply chain management for companies while providing independent logistics service providers (3PLs) access to its cutting-edge technology that enables them to make better use of existing warehouse space. Additional backing was provided by Global Brain, 50Partners, Hartwood and Kima Ventures.
Founded by Laurent Bonnet and Franck Nussbaumer (pictured), 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.
Much of Europe’s 35,000+ warehouse stock is under ownership of multiple, independent players, unable to meet the demands of today’s logistics customers due to the fragmented, disconnected and localised nature of the market. Stockoss creates a more sustainable path for the resilience of the warehouse and logistics sector, enabling owners to more effectively use existing space rather than building new stock to meet demand.
By unifying the entire logistics value chain and improving the visibility, efficiency and automation of operations, Stockoss gives independent, localised warehouse owners a platform to operate on a much bigger scale and compete with bigger rivals. For customers, Stockoss provides an Amazon-like user experience enabling them to ship and store their products and stock at the click of a button.
Laurent Bonnet, Founder and CEO at Stockoss, 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.
“We are proud that our platform enables hundreds of users to simplify and automate their logistics processes on a daily basis. We are also proud to help dozens of logistics partners to optimise their operations. 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.
“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.”
The logistics industry is at a crossroads, marked by economic uncertainties and mounting environmental concerns. The re-industrialisation of Europe is leading to the reshoring of warehousing which has increased demand for more sustainable and digitised supply chains. With its next-generation software, Stockoss is ideally placed to meet these demands and accelerate the digital transformation of the logistics sector.
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.
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. We are thrilled to be supporting Bonnet and Nussbaumer and Franck as they execute their vision to leverage technology to automate operations and drive sustainable growth in logistics.”
The company has 180 customers, 650,000 products in storage and manages 55,000 monthly shipments with a team of just 22. With a rapidly expanding network of warehouses, Stockoss is aiming to roll out its product to partners and customers across Europe.