Founders Benoit Baccot and Romulus Grigoras of OneStock. Credit: OneStock/Business Wire.

Global growth equity investor Summit Partners has invested $72m in OneStock, a provider of order management systems (OMS).  

The funding will propel OneStock’s international expansion, with a particular focus on entering the US market.  

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It will also support the company’s mission to simplify order management in the retail sector. 

As an ADOBE Gold Partner and a MACH (microservices-based, API-first, cloud-native and headless)-certified OMS provider, OneStock is the first to integrate officially with Shopify.  

Founded by CEO Romulus Grigoras and chief technology officer Benoit Baccot, the company seeks to broaden its partner network, enhancing the range of integrations available through the OneStock Extensions Portal. 

The company will soon make its platform accessible to external agencies and customers to develop additional extensions. 

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OneStock also plans to fast-track product development in key areas such as B2B, AI and circular economy initiatives.  

Romulus Grigoras said: “Since the beginning, OneStock has been dedicated to creating smarter and more sustainable shopping experiences. 

“Our partnership with Summit marks a thrilling new chapter in our journey, reaffirming our long-term commitment to innovation and growth in the retail technology space. 

“With Summit’s support and the benefit of their deep experience in the retail technology sector, we’re poised to accelerate our growth even further. Our clear ambition is to emerge as the number one global leader in the OMS category.”  

Since 2021, OneStock has seen a 2.5-fold increase in recurring revenue.  

The platform is used by more than 100 international retailers and brands including WHSmith, Intersport and ManoMano, facilitating more than €2.5bn in orders annually.