Stockagile, a cloud-based SaaS platform, has secured €2.5M in a round led by VC firm Nauta Capital with participation from 4Founders Capital, Angels, Juan Roig’s investment firm part of Marina de Empresas, and Zone2Boost.
How will the funding be used?
The funds will help the Spanish company enhance its offering and customer sales as well as launch a new sales and marketing strategy.
Miquel Subirats, co-founder and CEO of Stockagile, states, “The future of retail lies in agile ways of working, optimisation and automation. SMEs need to sell as much as possible with limited resources in order to survive; they can only achieve this through digitalisation. Stockagile digitalises processes and connects the different sales channels using the latest technology to help retailers earn more. We aim to reach a point where many of the retail processes are automated – from deciding price points to placing orders with suppliers.”
Digitalising retail sector
Miquel and Joan Subirats, two brothers, founded Stockagile after they identified the lack of digitalisation within SMEs in the retail sector.
The Barcelona-based company digitalises processes and manages inventory and sales for SMEs, brands, wholesalers, and retailers.
The company’s SaaS solution connects the bricks and mortar and online operations by synchronising catalogues, stock availability, and orders in real-time.
In 2021, Stockagile was selected to be part of Lanzadera, Juan Roig’s start-up incubator, and also part of Marina de Empresas.
Nauta Capital is a Pan-European Venture Capital firm investing in early-stage technology companies. With over half a billion assets under management and a team of 24 people, Nauta Capital is one of Europe’s largest B2B-focused VCs.
Jordi Viñas, a Barcelona-based Nauta Capital Partner, adds, “According to market research, it is expected that by 2040 in-store and online sales volumes will be similar, nowadays the split is closer to 20/80 respectively. Companies, such as Stockagile, that connect the offline and online worlds within the retail industry have experienced a boom following the pandemic and we believe this trend will continue, making them a vital part of retail’s future.”
Marc Castilblanco, Principal at 4Founders Capital, highlights, “the rapid growth rate that retail technology that helps digitalize and improve inventory management has had. After a year as investors, we pushed another round of funding given the high potential of the project and because we believe that Miquel and Joan can make Stockagile the go-to-solution in inventory management for the retail industry.”
“During our time as partners, Angels has had the opportunity to see first-hand Miquel’s leadership, attracting first-class talent and investors like Nauta Capital. This has led to a growth in their customer base; customers that have benefited from the value add and efficiencies that Stockagile offers. We continue to support them on this journey knowing that the latest round will enable their offering to reach new heights,” adds Pepe Peris, Managing Director at Angels.
