Cin7, a cloud-based inventory management software and POS solution provider, has received a strategic investment from US private equity firm Rubicon Technology Partners.
Capital from the round will be used to bolster its global growth strategy through product innovation, sales expansion and continued investment into customer success.
The company gives businesses a single platform to automate the sale, purchase, and delivery of products across multiple distribution channels. The cloud-based platform offers core functionality such as warehouse management and POS.
Alongside simply processes transactions, Cin7’s POS software enables a company to track inventory in their store, transfer orders to other locations, ship orders from their store, manage customer loyalty programs, and more.
Rubicon partner Jason Winsten said, “With the most comprehensive, easy to use and swift-to-implement inventory management software product on the market, Cin7 is ready to become the clear leader in the global IMS market.
“The company has built a highly differentiated IMS solution that solves a critical and complex problem for growing merchants selling their products through multiple online and offline channels. Cin7’s proven ability to capture global market share provides a strong foundation for continued growth, which we plan to aggressively accelerate with our investment in and partnership with the Cin7 team.”
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