Pi Labs’ investment in Stockoss
We are thrilled to announce our latest investment in Stockoss, the leading B2B cloud logistics platform. Pi Labs has led a €4m growth Seed round, with participation from Global Brain, 50 Partners and other investors, will help bolster Stockoss’ European expansion as the company builds on its strong success in France, where it has grown to become an established category leader.
Founded in 2019 by Laurent and Franck, CEO and COO of Stockoss, the company rapidly became a leader in B2B logistics as it worked to serve customers such as Netflix, Jacquemus and Stellantis for their storage needs through a network of SME warehouse operators across France. Over the past four years, the team have built a robust technological foundation, providing businesses of all sizes with Amazon-like storage solutions through a network of vetted small third-party logistics (3PL) players.
Stockoss has already created tremendous value for smaller 3PLs, with over 650,000 items in storage across 30 warehouses and over 55,000 shipments delivered each month by logistics partners. The platform has taken a proactive role in setting and vetting high standards for services offered to ensure flexible, high-quality storage and a great user experience. They serve over 190 customers across industries, with some of the strongest NPS and retention rates well over 100% after 2 years — a clear indication of the quality delivered by the platform.
The market for B2B logistics is massive and is only growing as customers move away from self-storage which is complex and more expensive to manage to a full service managed solution powered by great user experience and flexibility. With over 76% of over 35,000 European warehouse stock operated by small, fragmented 3PLs, Stockoss is in a position to establish the gold standard and become a market leader in Europe to aggregate warehousing supply and provide a world class experience to customers through their orchestration software.
Looking forward, this investment round will support Stockoss in its next phase of growth, as it continues to improve its product and scale into into new European markets. We are extremely proud to partner with Laurent, Franck and the Stockoss team on their growth journey.
