Online Inventory Company Stitch Labs Raises $3.5 Million In Series A Funding
Stitch Labs is a cloud-based and real-time inventory company that has raised $3.5 million in Series A funding. This investment was led by Greg Sands from Costanoa Ventures. True Ventures and Greg Waldorf also participated in this round.
Stitch Labs grew tenfold in 2013 and is processing over 1 million orders per month. Revenue has increased by over 1,000% this year. Stitch Labs is going to invest in product development to meet the needs of SMB merchants.
“Retailers are increasingly selling both online and offline, and they need powerful tools to help them manage both, simultaneously. Stitch Labs aims to do just that,” stated Stich Labs CEO Brandon Levey. “We believe our holistic approach to commerce will not only empower our customers to manage and grow their businesses, but also dramatically improve how consumers all over the world buy physical goods. This funding will enable us to continue that vision and build on our rapid growth.”