Turbine

Turbine is a US-based company that specializes in enterprise resource planning solutions, enhancing operational efficiency for consumer packaged goods brands through advanced inventory management and financial automation. Founded in 2022 and headquartered in the United States, Turbine provides enterprise resource planning solutions aimed at consumer packaged goods brands. The company was established by Emilie Schario, who also serves as the CEO. Turbine has completed a total of 1 deal, with its most recent deal occurring on October 1, 2024, when it was acquired by Settle, Inc.

Turbine offers a comprehensive suite of financial management solutions for consumer packaged goods (CPG) brands. Its core offerings include inventory management, accounts payable automation, procurement solutions, and working capital services. These products are designed to streamline operations and improve decision-making, allowing brands to focus on growth and innovation. Turbine primarily serves startups and scale-ups in the North American and European markets, helping them consolidate data and optimize workflows across various sales channels.

Turbine generates revenue through subscriptions and service fees associated with its financial management platform, allowing clients to access its tools via a monthly fee. The services are tailored for a diverse range of customers, including direct-to-consumer brands and wholesalers, enhancing operational efficiency through solutions like automated accounts payable functions that optimize cash flow management. With the acquisition by Settle, Inc. on October 1, 2024, Turbine will integrate its inventory and forecasting capabilities into a unified operating platform that streamlines payments, financing, and purchasing for omnichannel brands.

This strategic move will enable Turbine to enhance its product offerings and expand into new geographic regions, although specific markets for expansion have not been detailed.