Erply Raises $2.15M Series B
NEW YORK, NY, Provider of Software as a Service for commercial retail inventory and e-commerce has raised a $2.15M Series B.
Erply, a provider of Software as a Service for commercial retail inventory and e-commerce, has raised $2.15 million in new funding.
The round was led by Redpoint Ventures with the participation of Index Ventures and 500 Startups.
With Headquarters in New York, London and Tallinn, ERPLY is a provider of Software as a Service for commercial retail inventory and e-commerce that handles data across physical shops, online stores and warehouses, while at the same time providing real-time dashboards with relevant data. ERPLY is rooted in building complex custom ERP solutions. As the core team's experience grew it was realized that although various client's needs and requests sometimes differed, there was also a lot of common ground; many things worked well for most clients in terms of managing inventory, POS and sales.
The company offers easy to use SaaS-based Point of Sale, inventory and e-commerce software. ERPLY was selected as a winner of Seed camp 2009, and selected as a startup to watch by Wall Street Journal and RWW in 2010. Erply has a total 40 engineers working diligently throughout our headquarter locations. Our client base is growing at a rate of roughly 20% each month. We currently have 100,000 SMB SaaS customers and 120,000 users. Our software is also heavily integrated with other platforms over our API. Integrations include a broad range of programs including accounting (QuickBooks, Xero etc.) and many web-shop outlets (Magento, Prestashop, Amazon.com, Ebay, Google Base, and mobile shopping etc.)
Erply raised $2 million in funding in 2010 from Redpoint Ventures and Index Ventures (Saul Klein), along with Marten Mickos (Mysql, Eucalyptus), Zack Urlocker (Zendesk), Kenny van Zant (ASANA), Aydin Senkut (Felicis VS), David McClure (500 Startups) and The Accelerator Group
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