Nuqleous of Bentonville, a provider of automated retail space planning and performance analytics software, announced that it has secured a $26 million strategic growth investment from Blue Ladder Capital, a private investment and operating firm that specializes in B2B software companies.
Nuqleous, founded in 2013, offers software products designed to improve margins, reduce inefficiencies and turnover, and increase sales. It provides services in more than 700 categories across 3,700 brands representing $40.9 billion in annualized sales, the company said in a news release.
Paul Sims, co-founder and CEO of Nuqleous, said Blue Ladder’s investment will be used to accelerate product innovation and “double-down on our customer-led growth strategy.”
“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,” Sims said.
As part of the transaction, Nuqleous co-founder and President Paul Springmann will move to an advisory role.
Blue Ladder Capital founders Garrett Levey and Bill Kloza have been named co-presidents.
“We take a long-term view on partnering with companies and are excited to continue to build an enduring business,” Levey said in the release. “Nuqleous’ product portfolio is highly differentiated and delivers a significant return on investment to customers; we look forward to expanding our commitments to existing customers while expanding both nationally and internationally.”
Blue Ladder Capital invests in companies with $5 million-$15 million in revenue, according to the company’s LinkedIn page.
Nuqleous counts more than 75 major companies among its clients, including Walmart Inc., Target Corp., The Kroger Co., PepsiCo Inc., The Kellogg Co. and Anheuser-Busch Companies LLC.
The company in 2021 and 2022 was named one of the fastest growing U.S. companies by Inc. magazine.
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