Monstock, the solution that revolutionizes stock and flow management, has raised €1.6 million to accelerate its growth. The news was announced by the Reims-based startup, which has developed a unique and complete solution to meet the varied needs of businesses in the supply chain management and logistics sectors. The funding round was led by Side Capital, with support from Bpifrance and private partners.
Monstock was launched in 2018 by Guillaume Blanc, after two years of research and development. The solution is available in nine languages and is already used by several hundred clients in 93 countries. Blanc, who previously worked in retail and for large companies, realized that existing solutions had limitations in optimizing the supply chain and logistics. He created a simple and agile solution that digitizes and automates the management of stocks and flows, allowing companies to have real-time control of their stocks and flows anytime, anywhere.
Since its launch, Monstock has been recognized as an innovative startup by the national competitiveness cluster for supply chain management and logistics, Nov@log, as well as by KPMG and Fevad as one of the best e-logistics startups in 2019.
The startup's solution is digital, omnichannel, collaborative, real-time, and agile, allowing companies to save time and gain control by taking charge of their stocks and flows anytime and anywhere, including on the go.
Side Capital, the lead investor in the funding round, is a French private equity and venture capital firm that invests in innovative and high-potential companies. Bpifrance, another participant in the round, is a French public investment bank that supports companies in their development projects.
Monstock's recent funding will help the startup accelerate its growth and continue to develop its solution. The company plans to expand its team and invest in marketing and sales to reach a larger audience.