- Automated replenishment platform company Replenium announced it raised $8 million in Series A funding led by GLP
Replenium — an industry-defining SaaS platform for automated replenishment, product subscription and predictive ordering — announced it raised $8 million in Series A funding led by GLP, a leading global investment manager that specializes in logistics. And Ignition Capital advisor and founding partner John Zagula is joining the Replenium’s board of directors.
Other investors that participated in this round include existing investors and the company founders Tom Furphy and Justin Leigh. Furphy and Leigh were both previously executives at Amazon.
“GLP’s investment underscores the immense value and opportunity of Replenium as a core consumer offering for retailers and brands alike,” said Furphy. “Working with a global, blue-chip investor in GLP allows us to accelerate the transformation of the way routinely purchased products are obtained by shoppers. Shoppers value e-commerce breakthroughs that lower costs, increase speed or improve convenience. Replenium delivers on all three.”
With this round of funding, Replenium is going to accelerate the deployment of its automated product replenishment solution to retailers, e-commerce platforms, and brands. Plus the company is planning to expand its reach and capabilities to enable more shoppers to save money and time by easily replenishing the products used on a regular basis.
“The Replenium team has a proven track record and deep understanding of the evolution of e-commerce and how predictive technologies can help to automate and transform how products are purchased and received,” added the executive leadership from GLP. “There is still a gap between growing e-commerce demand and logistics infrastructure, and technology and innovations like Replenium will help to close that gap by reducing friction between retailers and consumers to increase efficiency in the ecosystem.”
