Funds for Retail Analytics Firm Nuqleous

In the US, retail space-planning and performance analytics software developer Nuqleous has secured $26m in strategic growth investment, and says it will accelerate product innovation and strengthen its customer-led growth.

Founded in 2013, the Bentonville, AR-based company says its Shelf IQ product enables major retailers to improve margins, reduce inefficiencies and turnover, and increase sales for a wide range of brands. Another product, Spotlight, is a single channel for retailer and syndicated third-party data, providing CPG brand and distributor teams with insights to drive revenue, minimize errors and strengthen end-customer relationships.

Funds came from B2B software investor Blue Ladder Capital, whose founders Garrett Levey and Bill Kloza will join Nuqleous as co-Presidents.

Paul Sims, co-founder and CEO of Nuqleous, says: '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'.

The firm is online at www.nuqleous.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.