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Otimo Retail

4823 Sherbrooke West Ste 215, Westmount, Quebec, H3Z 1G7, Canada

Overview

Otimo Retail, an investment vehicle backed by Howard Stotland, Matthew Stotland, and David Henning provides capital, strategic and operational guidance to small and mid­-sized technology providers who develop, market and sell software solutions to retail organizations.

Total investments
3
Lead investments
0
Investments · 12mo
0
Active investors
3

Sector focus

  • Financial Services
  • Insurance
  • Venture Capital
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Investment portfolio

  • Logiwa

    Participated · Series A · Apr 2021

    Logiwa offers a cloud-based DTC fulfillment platform and integrated WMS and order fulfillment system designed to run digital warehouses for high-volume DTC brands, wholesalers, and 3PLs. Its platform can increase warehouse order processing capacity by more than 200% and labor efficiency by more than 40%. The solution emphasizes quick connections with online stores and marketplaces and supports dynamic warehouse environments where traditional WMS systems often fail. Product development priorities include additional AI-powered automation, advanced analytics, and continued expansion of an out-of-the-box integrations ecosystem connecting to hundreds of marketplaces, shippers, robotics and other management systems. Logiwa has positioned itself to capitalize on market growth in high-volume DTC ecommerce by offering faster implementation and greater flexibility. The company is using recent funding to accelerate platform development and scale operations. Logiwa is a cloud fulfillment platform and warehouse management system built for high-volume direct-to-consumer (DTC) brands, wholesalers, and 3PLs. Its integrated WMS and order fulfillment system is designed to connect quickly with online stores and marketplaces and to run digital warehouses where traditional WMS systems fail. The company says Logiwa can increase warehouse order processing capacity by 200% and labor efficiency by more than 40%. With the new funding Logiwa will continue a product-led growth strategy, develop AI-powered automation algorithms and advanced analytics, and expand its out-of-the-box integrations. The financing is intended to help the company capitalize on the shift to ecommerce and the market need for faster implementation times and more flexible fulfillment solutions. Logiwa emphasizes support for dynamic warehouse environments and scaling of high-volume DTC fulfillment operations. Logiwa provides a cloud-native fulfillment platform that combines warehouse management (WMS) and order fulfillment to support high-volume DTC operations. Its platform emphasizes quick connections to online stores and marketplaces and is designed for dynamic warehouse environments where traditional WMS solutions fall short. Customers use Logiwa to add automation rules and scale throughput—Logiwa says some customers can fulfill twice as many orders with the same staff. The company highlighted a spike in demand tied to accelerated online sales during the COVID-19 pandemic. To meet that demand, Logiwa raised capital in 2021 and has a total of $13.1 million in funding to date. The product targets brands, online sellers, 3PLs, and fulfillment networks seeking greater flexibility and scalability. Logiwa is a Chicago, IL-based provider of cloud-based warehouse and inventory management software focused on real-time inventory management and order fulfillment. Its platform targets small business online retailers, wholesalers and 3PL fulfillment companies. The solution includes built-in integrations to marketplaces and shopping carts such as Amazon, eBay, Shopify, Magento, Bigcommerce and Walmart, plus shipment carriers (USPS, FedEx, UPS, ShipStation) and accounting systems (QuickBooks, Xero). The company was co-founded by Erhan Musaoglu and Cagdas Yildiz. Logiwa intends to use the funds to accelerate growth in existing markets and penetrate new markets. The article did not disclose financial metrics such as revenue or user counts.

  • Thirdshelf

    Participated · Equity · Apr 2016

    Thirdshelf offers a cloud-based loyalty marketing platform that uses machine learning, data analytics and automation to generate and automatically run loyalty programs. The platform is designed to help independent retailers bring customers back in-store and increase transaction size. The company is led by CEO Rami Karam and is based in Montreal, Canada. Thirdshelf raised $800K in funding to support its growth. It will use the funds to add thousands of retailers on its platform, continue developing its machine learning technology and close further partnerships in the retail industry. The raise and details were reported by FinSMEs on 20/04/2016.

  • SweetIQ Analytics

    Participated · Series A · Nov 2015

    SweetIQ is a Montreal-headquartered local marketing automation and analytics platform founded in 2010. It helps Fortune 500 retail brands and marketing agencies improve the online findability of physical stores, run local marketing campaigns, and measure offline in-store impact using an online-to-offline attribution model. The company powers over 100 brands and marketing agencies across North America. SweetIQ has tripled its annual revenues for a second consecutive year. It plans to use the $4.2M Series A to fuel U.S. growth, double its team to accelerate the product roadmap, and launch new partnerships with major directories and offline data providers. The company is also adding new offline data sources to further enhance attribution and to enable prediction of foot traffic.

Team