What is Erply?
Founded in 2010, Erply provides a comprehensive, cloud-based platform designed to streamline inventory management and point-of-sale operations for modern retailers. By replacing legacy server-based systems with a centralized, agile software solution, Erply enables multi-chain outfits and ecommerce enterprises to manage complex operations across various locations and devices seamlessly. The company's platform is characterized by its extensive API support, multi-language capabilities, and a suite of mobile applications that cater to the evolving needs of global retail businesses. Headquartered in New York with a core development hub in Tallinn, Estonia, Erply has established itself as a critical infrastructure provider for world-leading retail brands.
How much funding has Erply raised?
Erply has raised a total of $4.2M across 2 funding rounds:
Series A
$2M
Series B
$2.1M
Series A (2010): $2M with participation from Redpoint Ventures, Index Ventures, Marten Mickos, Kenny van Zant, Aydin Senkut, The Acceleration Group, Zack Urlocker, and Dave McClure
Series B (2013): $2.2M led by Index Ventures and Redpoint Ventures
Key Investors in Erply
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO. They partner with founders with bold dreams that challenge the status quo to build enduring companies.
Redpoint Ventures
Redpoint Ventures was founded in 1999 and is a venture capital firm focused on investments in early growth-stage companies.
The Acceleration Group
TAG, now branded as 1TagTeam, focuses on guiding, funding, and connecting high-growth opportunities with emerging entrepreneurs, providing advisory support and capital to drive business growth.
What's next for Erply?
With the support of major institutional backers, Erply is well-positioned to further penetrate the enterprise-level retail market. The strategic allocation of recent capital is expected to accelerate the development of its feature-rich POS ecosystem, focusing on deeper integration with emerging ecommerce trends and enhanced data analytics. As the retail sector continues to undergo rapid digital transformation, Erply's focus on true centralization and maintenance-free software updates provides a significant competitive advantage. Future growth will likely center on scaling its international presence and deepening its technological moat, ensuring that the platform remains the preferred choice for high-growth retail chains seeking to optimize their operational efficiency and customer engagement strategies.
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