StoresAce
Online back office and portal to manage stores networks seamlessly, anytime and anywhere.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
€150k | Seed | ||
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 433 % | 2 % | 30 % | 41 % | 23 % | 91 % | 75 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (2 %) | (12 %) | (15 %) | 4 % | 12 % | 22 % | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (3 %) | (13 %) | (16 %) | 3 % | 11 % | 18 % | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
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StoresAce, established in 2015, provides a specialized multi-store management web platform headquartered in Porto, Portugal. The company was co-founded by Ivo Marinho, who serves as CEO, and Daniel Silva, the CTO. The platform emerged from the founders' direct experience with the complexities of the restaurant and retail sectors, aiming to address common challenges like wasted time, fragmented decision-making, and poor operational visibility.
The firm targets retail and restaurant chains, from small, expanding groups to large, consolidated operations, offering a centralized system to manage operational workflows. Its business model is based on a Software-as-a-Service (SaaS) subscription. The core of the business is a cloud-based platform that fills the gap between FrontOffice Point of Sale (POS) systems and HeadOffice ERP software. This allows clients to retain their existing POS solutions while integrating StoresAce for back-office operations, which helps maintain a low Total Cost of Ownership (TCO).
The platform provides a comprehensive suite of tools for managing the entire cycle of goods, from order requests to inventory management. It leverages machine learning and artificial intelligence to deliver sales forecasting, budget tracking, and real-time performance analytics. Key features include a Product Information Manager, a Warehouse and Inventory Management System, purchase management, and analytics dashboards. Additional functionalities encompass OCR scanning for invoicing, a shop floor picking application, loyalty program management, and HACCP control for food safety. The system is designed to be responsive and accessible across multiple devices, ensuring that managers and operations directors can monitor their network of stores from anywhere. By centralizing data and automating repetitive tasks, StoresAce empowers its clients to scale their businesses with greater control and agility.
Keywords: multi-store management, retail operations, restaurant management, SaaS, POS integration, inventory management, supply chain planning, sales forecasting, machine learning, business intelligence, retail analytics, cloud management platform, purchase management, back-office software, operational efficiency, franchise management, Ivo Marinho, Daniel Silva, Portugal, retail technology