OneStock receives $72 million investment to help retailers unlock their omnichannel potential
Refined Capital Partners (“RCP”) is delighted to announce that OneStock SAS, a leading provider of Order Management Systems (OMS), has today received a $72 million investment from global growth equity investor Summit Partners. This new funding will be used to fuel OneStock’s continued international expansion, particularly into the U.S. market, and to help accelerate the company’s vision for a retail landscape where order management is seamless and easy.
OneStock was founded in 2015 by CEO, Romulus Grigoras, and CTO, Benoît Baccot, to help retailers and brands navigate the increasing complexity of the omnichannel landscape and enhance overall customer experience. The company’s cloud-native solution provides a centralised platform designed to manage end-to-end order fulfilment and visibility, and empowers retailers to offer a seamless ‘buy anywhere, deliver anywhere, return anywhere’ experience to customers.
Offering a highly compelling customer ROI and a feature-rich, user-centric solution, OneStock has grown rapidly in recent years, gaining widespread adoption amongst major enterprise customers across diverse verticals, ranging from luxury goods to car parts, pet food to furniture, and from traditional B2C retailers to franchiser networks and B2B commerce. Today, more than 100 international retailers and brands across 25 countries leverage OneStock, with the platform facilitating over €2.5 billion in orders annually.
The Refined Capital Partners team led the Seed funding round for OneStock in 2019, retaining a significant minority shareholding following the €11 million investment from Pan-European private equity firm Silverfleet Capital in 2021. The transaction delivers an 11.8x multiple of money for the team and our co-investors, who include the Rueff family and retail veteran Michael Rahamim.
Romulus Grigoras, Co-founder and CEO at OneStock, comments:
“The Refined Capital Partners team have actively supported our growth and the refinement of our strategic vision over the last five years. With their backing we have optimised our operations, enhanced the customer experience and more than doubled our annual recurring revenue.”
Ben Barnett, outgoing Chairman at OneStock and Founding Partner at RCP, adds:
“It has been a privilege to work alongside the OneStock team and to participate in the transformative growth of this exceptional retail technology business. I am delighted to hand over the reins to the team at Summit Partners and look forward to participating in OneStock’s continued development under their stewardship.”
About Refined Capital Partners
Refined Capital Partners invests alongside founders and entrepreneurs who have built exceptional consumer brands, or the technology on which they depend. Our team of entrepreneurs provide hands-on support, accelerating growth through the investment of our capital (£2 million – £20 million), development of management capability, implementation of operational best practices and digital transformation. In partnership, we help to build responsible businesses that stand the test of time. For more information, visit refined-capital.co.uk
About OneStock
OneStock is Europe’s market-leading distributed order management system provider. We help retailers unlock their full omnichannel potential and power some of the world’s most convenient shopping experiences. Our cloud-native SaaS solution improves operational efficiency, increases online revenue and enhances customer experience. A single view of inventory across all stock locations enables our clients to maximise sales opportunities, enhance fulfilment options, optimise order orchestration, create new omnichannel capabilities, seamlessly manage returns and analyse business performance. OneStock is a proud member of the MACH Alliance and provides best-of-breed solutions for many brands, including Pets at Home, Jigsaw, Hackett, The Perfume Shop, Dune and Moss. For more information, visit onestock-retail.com
