Paris-based Stockoss secures €4 million seed to modernise warehousing and logistics in Europe
Summary
Stockoss, a Paris-based logistics technology startup, has raised €4 million in seed funding led by London-based VC Pi Labs. 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. Faisal Butt, Founder and Managing Partner at Pi Labs, added: “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. 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 Laurent 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.