Stockly, the French digital platform that helps e-tailers pool and share inventory to avoid stock-outs, has announced it has raised €12 million in capital. Stockly will use the funding to expand across Europe. The funding round involved Eurazeo, the Daphni investment fund and a number of “world-class” business angels, as Stockly stated. Stockly was founded in 2018, and its solutions are already in use at Galeries Lafayette, Decathlon, Go Sport, Jonak and several hundred other partners.
Stockly is able to digitally share the inventory of the various e-tailers that use its tools, boosting stock depth for each of them. The solution is invisible to customers, as the various stakeholders request neutral packaging. If a product is available from a number of different inventories, Stockly’s algorithm will decide where to source it based on price, distance to customer and service quality.
Stockly was part of Foundry Paris Consumer Industry Program.