Omnistream, a Singapore-based data-empowered solutions company for the retail industry, announced that it has raised $7 million in Series A
The funding was led by SIG Venture Capital, the Asian venture capital arm of Susquehanna International Group (SIG), the round also saw participation from Delivery Hero Ventures, an independently managed venture capital fund backed by Delivery Hero, along with Asian investment management firm Spiral Ventures and venture capital firm Wavemaker Partners.
the new funding will allow Omnistream to rapidly scale to address the needs of retail clients globally and will result in the addition of more than 50 new roles to the team by the end of 2022.
Company: OMNISTREAM PRIVATE LIMITED
Raised: $7.0M
Round: Series A
Funding Month: June 2022
Lead Investors: SIG Venture Capital, the Asian venture capital
Additional Investors: Delivery Hero Ventures, venture capital fund, Spiral Ventures, and Wavemaker Partners
Company Website: https://www.omnistream.co/
Software Category: Data-Empowered Solutions
About the Company: Founded in 2018, Omnistream is a global software-as-a-service (SaaS) company providing solutions to large retailers across Asia, Australia, Europe, and North
America with deployments across 8,500+ retail locations. Its technology helps retailers optimize their physical footprint by generating store-level planograms that optimize assortments for hyperlocal demand resulting in material uplifts in sales.
The company is one of the fastest-growing retail technology companies in Asia, experiencing tenfold usage growth so far in 2022, and serves a wide range of retail customers including supermarkets, convenience stores, pharmacies, as well as online grocery operators. With its recent expansion into North America and Europe, it is positioned to become a globally leading retail technology company.
Source: https://technode.global/2022/06/08/singapores-omnistream-closes-7m-series-a-investment-led-by-sig-venture-capital/