Toulouse-based OneStock has secured a $72 million investment from Summit Partners, a global growth equity investor. Founded in 2015 by Romulus Grigoras and Benoit Baccot, OneStock aims to assist retailers in navigating the complexities of omnichannel retailing while enhancing customer experiences. Their cloud-native platform centralizes order fulfillment and visibility, enabling retailers to provide a seamless shopping experience.
Grigoras expressed excitement about the partnership with Summit, emphasizing their commitment to innovation and growth in retail technology. He noted that with Summit's expertise, OneStock aims to become the leading global player in the Order Management System (OMS) category. Since 2021, OneStock has seen a 2.5-fold increase in recurring revenue, gaining traction among major enterprise customers across various sectors.
Steffan Peyer, a Managing Director at Summit Partners, highlighted the importance of a modern OMS in today’s retail supply chain, given the rise of online and offline sales channels and consumer expectations for immediate product availability. The new funding will support OneStock's international expansion, particularly into the U.S. market.
In another development, Imec Flanders announced a €2.5 billion investment at its annual Imec Technology Forum in Antwerp. This funding will establish a new R&D pilot line for advanced chip technology and systems-on-chip, aligning with the EU Chips Act's goal to boost innovation and economic growth in Europe. Imec, the largest independent research center in nanoelectronics, will host a sub-2-nanometer pilot line and collaborate with various European organizations to test emerging innovations like chiplets.
The investment will be sourced from both public and private contributions, with €1.4 billion coming from the Flemish government and EU financing programs, and €1.1 billion from industrial partners, including ASML. Luc Van den hove, CEO of Imec, stated that this support will enhance their ability to develop advanced chips and respond to market demands, reinforcing Flanders' position as a technology leader.
Additionally, Belgian recruitment platform Jobtoolz has acquired Hirehive, an Irish Applicant Tracking System provider. Jobtoolz aims to streamline recruitment processes for companies, while Hirehive facilitates organized hiring and team collaboration in candidate reviews. This acquisition follows Jobtoolz's earlier acquisition by ISH in June 2023, as the parent company seeks to strengthen its portfolio in the recruitment technology space.
