Wellington Financial Provides US$4 Million in Growth Capital to Agilence
The deals have come in all sizes this year, whether or not we’ve been able to announce them!
This week’s growth capital financing came in the form of a US$4 million commitment for Agilence Inc., the leading provider of cloud-based analytics for store operations and loss prevention. The new capital will be used to further develop Agilence’s reporting solution that supports the mission-critical needs of some of the largest retailers, grocers, pharmacies, and chain restaurant operations in the United States. Today’s news comes on the heels of our recent announcement that it we’ve opened an office in the New York – New Jersey area.
Many of the largest challenges facing retailers, grocers, pharmacies and others centre around operational inefficiencies and losses. Yet by identifying patterns and events within point-of-sale data, these challenges can become profit opportunities. Agilence delivers the actionable insights these businesses need to stay ahead of their competition. We look forward to forging a partnership with a company that boasts such a diverse client portfolio, each of whom cite Agilence’s data analytics platform as an integral part of their long-term success.
As the world’s leading cloud-based data analytics provider, Agilence works with more than 118 brands encompassing over 35,000 stores, including Rite Aid, L Brands, Panera Bread, and BJ’s Wholesale Club, to deliver insights on performance, empowering them to make informed decisions faster, increase efficiency, and improve profit margins across the enterprise. The company’s 20/20 Data Analytics™ platform recently expanded from a focus strictly on retail to include versions that support the individual needs of restaurants and pharmacies. Each industry-specific product variation evaluates business performance at every stage of the sales cycle while also ensuring that customers remain compliant with corporate or government standards.
A warm welcome to CEO Russ Hawkins and his team at Agilence. The company is backed by Granite Ventures, Arrowroot Capital, Laurel Capital Partners, NextStage Capital and Aster Capital. Agilence is based in Mount Laurel, New Jersey.