SoCloz

SoCloz is a French company offering an omnichannel platform that enhances retail operations through effective inventory management and order orchestration, improving efficiency and customer engagement across various retail sectors. SoCloz specializes in providing innovative solutions for retail operations, focusing on optimizing inventory management and order orchestration. The company is headquartered in France and has successfully equipped over 35,000 stores with its technology. Jeremie Herscovic serves as the CEO.

SoCloz raised EUR 2. 25 million in funding from investors including Alven and FaDiese on July 27, 2016, bringing its total amount raised to EUR 2. 25 million with a current company valuation of EUR 8. 44 mn.

SoCloz offers an innovative omnichannel platform designed to streamline retail operations by optimizing inventory management and order orchestration. The platform integrates various functionalities, including order management systems (OMS), click and collect services, reservation systems, and mobile point of sale (mPOS) solutions. This comprehensive suite of tools addresses the daily challenges faced by retail staff, enhancing their efficiency and customer service capabilities. SoCloz has successfully equipped over 35,000 stores, providing solutions for diverse retail sectors, including fashion and consumer goods.

The products are primarily marketed in France and have also expanded into several European markets, aiming to facilitate a seamless shopping experience for both retailers and consumers. In the most recent year, SoCloz reported a revenue of EUR 4,132,417. 60 with an EBITDA of EUR -744,806. 70.

The company generates revenue through a subscription-based model, where clients, including retailers and brands, pay for access to its suite of services. These transactions typically involve ongoing payments for the software solutions, which include features tailored to enhance the efficiency of retail operations in physical stores. The company also partners with retailers to implement its systems, contributing to the overall increase in sales performance for its clients, which can average an increase of 30% in revenue after deploying the platform. SoCloz is focused on developing new products aimed at further enhancing retail operational efficiencies.

The funding raised in July 2016 will support these product developments and the expansion into additional European markets. The company aims to strengthen its presence in regions that are currently underserved. SoCloz continues to refine its platform based on customer feedback to ensure alignment with evolving retail needs.