French software company Stockly is a stock pooling and exchange solution for online sellers. The company now announces that it has raised 26 million euros. With the capital injection, it wants to accelerate its growth in Europe.
Stockly was founded in 2018 by Eliott Jabès and Oscal Walter. The software connects the stocks of hundreds of large online retailers in Europe. By virtually pooling their references, they can offer a wider and deeper product range to their customers.
Selling without holding stock
Sellers can order products in their online store without holding the stock. The model works in a way that is similar to dropshipping. However, other retailers can also ship the product to the end customer.
‘Stockly wants to create a ‘stock exchange’ for ecommerce’
“Stockly’s vision is to give perfect liquidity to stocks, by creating a stock exchange for ecommerce. Online retailers can access an infinite depth of stock and increase their assortment tenfold, thus offering more references to their consumers. Supply partners earn significant amounts of money by sharing a simple inventory feed. This is extremely easy incremental revenue for them to earn”, says Jabès, CEO of Stockly.
Active in 25 countries
Users can add stock from Leroy Merlin, Kaufland, or Decathlon, for example, to their online store. According to Stockly, users see an increase in their turnover of up to 20 percent. Marketplaces can also implement the solution.
The company is currently active in 25 countries, but it is managed from France. Last year, Stockly made its millionth transaction. To accelerate its growth in Europe, the company recently closed a funding round of 26 million euros. It has plans to hire around 30 people this year. Additionally, the software company wants to reach profitability by 2026.
