Unleashed Software Raises $7M Series C Funding To Provide An End-To-End, Cloud-Based Business Inventory Management Solution

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Unleashed was founded in 2009 when Greg and his small team joined Massey University’s eCentre on Auckland’s North Shore. The early stages of the business were more about validating the business model and product market fit. The early adoption for cloud inventory management software was very promising, and so the company began its journey in starting to raise capital and build an amazing team. In 2013, they left the Massey University’s ecentre for sunny Takapuna. Their office on Hurstmere Street is where all the innovation and progress happens. This is the place where they’ve celebrated their achievements like raising further capital, and being recognised as one of the fastest growing tech companies on Deloitte’s Fast 500 and many more. Below is our interview with Gareth Berry, the CEO of Unleashed Software:

Q: You’ve recently announced $7 Million in Series C funding round; could you tell us something more?

A: Over the last few years, we have experienced some very strong growth. This attracted Movac to the company, and with that comes an opportunity to strengthen our Board of Directors and balance sheet with one of New Zealand’s most respected and experienced venture capital firms.

Q: What exactly does Unleashed Software do?

A: At our core, what we do is Inventory Management for Wholesale Distribution and Manufacturing businesses. We have built a powerful product for SME’s to be able to compete on a global scale that is integrated with best of breed components like Xero’s accounting solution and Salesforce’s CRM. All this allows businesses to track their inventory processes in real-time. With precise tracking, data on each and every item of stock, businesses of all sizes can reduce their costs and increase profits which is the core value the businesses get from using a great system like Unleashed.

Unleashed integrates with a range of eCommerce, point of sales and accounting software to provide an end-to-end business management solution.

Unleashed Software was one of the first business applications to adopt cloud technology over eight years ago. Today, we have thousands of happy customers in over 80 countries globally – and growing! We are a powerful inventory management solution that helps businesses grow with real-time inventory accuracy they can trust.

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Q: What are the benefits of using Unleashed Inventory Management Software?

A: Powerful inventory control at your fingertips:

Lost revenue as a result of lost sales can have a significant negative impact on your bottom line. Our cloud inventory program is specifically designed to ensure that a scarcity of in-demand product does not arise due to inefficient inventory control within your organisation.

Keep your inventory accurate:

Inventory management is all about accuracy. Without trustworthy inventory data, it becomes a challenge to know how you are trading and make informed business decisions.

Make the move to real-time perpetual stock management:

Many businesses undertake periodic stock counts to understand sales trends and inform reordering decisions. A key problem with this method is the inaccuracy that occurs when actual inventory levels differs from what is on the books.

Unleashed’s online inventory software tackles this issue by processing transactions in real-time, giving your business an up-to-date stock count. Because Unleashed is cloud based, you can access your inventory data from anywhere in the world where these is an internet connection; the beach, a tradeshow or your client’s site. We also have a mobile application for the sales team on the road.

Extract valuable inventory data:

Based on trading in real-time and accurately capturing inventory transactions, Unleashed provides visibility into your inventory movement. A dashboard details key areas of your business like profitability, growth and alerts. Unleashed also has multiple enquiries and reports which each user can easily customise.

Friendly customer support:

At Unleashed, we pride ourselves on helping to get you up and running as a customer efficiently and effectively. Our support team is here to help our customers with quick responses from real people.

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Q: What are your plans for the future?

A: It is exciting to have more fuel to grow our business. Over the past two years we have invested heavily in our product, as innovation in this market segment is at the core of everything we do. This funding will allow us to expand on that vision and bring new innovations to new markets – and that is something we believe will resonate positively with our customer base globally.