Nuqleous, a Bentonville, AR-based developer of intelligent technology solutions that enable retailers and consumer product companies to operate with enhanced agility and efficiency, secured a $26 million strategic growth investment.
The investment was from Blue Ladder Capital, an investment and operating firm specializing in partnering with verticalized market-leading B2B software companies.
The company provides automated retail space-planning and performance analytics software that boosts agility and efficiency for retailers, CPG brands, and distributors.
Nuqleous' software products are designed to empower customers to optimize their retail operations, improve margins, reduce inefficiencies and turnover, and ultimately increase sales across various categories and brands.
"We raised capital to accelerate product innovation and double-down on our customer-led growth strategy," stated Paul Sims, Co-Founder and CEO of Nuqleous. "We are dedicated to enhancing our customers' lives through automation and empowering data-driven decision making, so we've partnered with Blue Ladder Capital for their expertise in scaling mission-critical software businesses."
Round: Strategic Growth
Funding Month: July 2023
Lead Investors: Blue Ladder Capital
Company Website: https://nuqleous.com/
Software Category: Retail Analytics Software
About the Company: Founded in 2013, Nuqleous is a retail analytics Software as a Service (SaaS) company that offers technology solutions that help retail and consumer product companies streamline their business practices. The software covers over 700 categories and represents 3,700 brands, amounting to $40.9 billion in annualized sales. The company's clients include more than 75 blue-chip companies like Kraft-Heinz, PepsiCo, Kellogg's, Anheuser-Busch, and Unilever. Nuqleous serves major retailers, convenience stores, and grocers, including Walmart, Target, 7-Eleven, CVS, and Kroger.