NewSpring Growth has invested in Deposco, a provider of cloud-based omnichannel fulfilment software solutions.
Mar 4, 2021
. Deposco’s suite of revolutionary e-commerce, retail, and omnichannel capabilities help online merchants, consumer brands, retailers, and 3PLs optimise their supply chain operations. The company provides its clients with order orchestration, advanced warehouse management, dynamic sourcing, business forecasting, and synchronised e-store applications that drive revenue growth and enhance the customer buying experience in direct-to-consumer and business-to-business environments. To date, Deposco has supported over 120 million package orders, over 600 online stores, reached 35 million consumers, and enabled over USD10 billion in total gross merchandise value through its platform. “As order fulfilment becomes a critical driver of the brand experience for many businesses, optimising this essential function is a key to success,” says Hart Callahan, NewSpring Principal. “Merchants are increasingly looking for partners that can provide them with the software and guidance necessary to build close connections with their customers, and Deposco is uniquely positioned to fill this gap in the market. We believe Deposco is primed for significant growth as this trend continues, and we’re excited to be a part of their ongoing success story.”
Deposco plans to use the proceeds from this investment to broaden and deepen its suite of unified commerce solutions and expand its presence in established and new international markets. Led by Founder and CEO Bill Gibson, Deposco is run by an innovative management team that is dedicated to finding new fulfilment solutions for its customers and growing the company. “The supply chain industry has witnessed a dramatic shift over the past decade. It is now demand-driven and digital across consumer and business sectors,” says Bill Gibson, Deposco’s founder and chief executive officer. “Success is governed by economies of connectivity, rather than economies of scale. You can see the breakdown of legacy supply chain technologies and methods through the lens of COVID-19 in 2020. Today, best-in-class organisations need to serve their customers in real-time, with a unified perspective of demand and supply. It’s been incredibly rewarding to see our customers grow their businesses at record pace in this new environment, through innovation and partnership with Deposco.”