In a recent funding round led by London-based VC Pi Labs, French logistics tech startup Stockoss has successfully raised €4 million. The investment, with participation from Global Brain, 50Partners, Hartwood, and Kima Ventures, positions Stockoss to broaden its logistics network into key European markets, including the UK, Germany, and Spain. The funds will also support the expansion of Stockoss’s team, ensuring the continued enhancement of their innovative logistics solution.
Stockoss, founded by Laurent Bonnet and Franck Nussbaumer, addresses the challenges faced by the majority of European SME-operated warehouses, which struggle to meet the evolving demands for more flexible, efficient, and cost-effective storage and distribution solutions. Rather than constructing new facilities, Stockoss leverages technology to upgrade the operations of over 35,000 existing independent warehouses across Europe.
With 180 customers, 650,000 products in storage, and 55,000 monthly shipments, Stockoss’s platform seamlessly integrates the entire logistics value chain, providing independent warehouse owners with the tools to compete on a larger scale. For customers, the platform offers an Amazon-like experience, enabling easy shipping and storage at the click of a button.
Laurent Bonnet, CEO of Stockoss, expressed pride in the platform’s ability to simplify and automate logistics processes, benefiting both users and logistics partners. Faisal Butt, Founder and Managing Partner at Pi Labs, commended Stockoss for aligning with their mission to invest in technology that digitizes and decarbonizes the built environment, particularly in the rapidly growing logistics and distribution sector.
By Proptechbuzz
By Ravi Kumar
