Multichannel Selling & Inventory Management Platform Stitch Labs on the Move
Multichannel selling and inventory management platform Stitch Labs, announced a $3.5 million round of funding from existing investors True Ventures and Costanoa Ventures, which will be used to fuel the platform's growth and amplify their efforts in the rapidly expanding retail market.
Stitch Labs's cloud-based platform helps businesses unify sales channels, gather data and fulfill orders. With more than $100 million passing through its system each month, the company is able to aggregate a trove of retail data to help their customers make informed decisions about shipping, merchandising, inventory, ordering and warehousing.
"Stitch is growing at a rapid pace. In fact, orders managed through the Stitch platform have increased by more than 700 percent over the past year alone," said CEO and founder Brandon Levey. "This capital gives us additional resources to innovate and continue delivering on our vision of simplifying and unifying commerce for multichannel retailers on a larger scale."
The Stitch platform already supports major commerce players such as Amazon, eBay and Square, and is planning new integrations that will further empower retailers to expand sales channels quickly and easily.