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Olswang advises SaaS warehouse management system provider Peoplevox on $6m funding round

09 Mar 2015

Olswang has acted for software as a service (SaaS) warehouse management system provider Peoplevox on a $6 million funding round led by Index Ventures, an investor in retail and technology companies including ASOS, Farfetch, Etsy, Dropbox and Skype.

The funding round, which also includes financial backing from well-known angel investors Ben White and Jon Kamaluddin, will help Peoplevox to further its product offering, which focuses on assisting e-commerce companies to modernise their warehouse operations and will also be used to expand in London and internationally.

Peoplevox's cloud-based solution is designed to manage all the processes that occur in a warehouse - from receiving an order to the point of dispatch - and is four-times faster compared to traditional warehouse management systems. Thanks to this highly innovative and easily-deployed warehouse solution, Peoplevox's customers - which include Barbour, Mothercare and Surfdome - can compete with general merchandise and major online marketplaces on order fulfilment.

Olswang Corporate Partner Rob Willis commented: "We were pleased to advise Peoplevox on this funding round. The company has incredible potential in becoming the go-to warehouse management system provider to the flourishing e-commerce industry, especially as forecasters expect online retail sales to have another record growth year."

The Olswang team was led by Corporate Partner Rob Willis, with assistance from Corporate Senior Associate Carsten Greve and Corporate Trainee Samuel Sherwood.

Matter Type
Fund/Investment Management
Industry
Technology, Media & Telecoms
News Category
M&A
Technology, Media & Telecoms