January 31, 2023
Logile Announces the Closing of Series A Investment from Sixth Street Growth
Accelerates the growth of Logile’s best-in-class unified platform for store-level planning, optimization and execution across retail industry verticals and global markets
NEW YORK CITY – Logile, Inc. (“Logile” and “the Company”), the leading retail labor planning, workforce management, inventory management, and store execution provider, announced today that it has closed a Series A investment from Sixth Street Growth, the growth investing business of leading global investment firm Sixth Street. The new partnership with Sixth Street is aimed at accelerating the company’s market and vertical expansion, growing the team, and further fueling the development and enhancement of the company’s client solutions.
Logile’s all-in-one forecasting, labor, and inventory management platform provides highly accurate forecasting integrated with a store-level solution for planning, scheduling, optimization, and execution. Logile’s solutions allow retailers to optimize the largest controllable store expenses, labor and inventory, by assuring that they always have the right employee in the right place at the right time, and the right inventory on the shelf at the right price at all times.
“Logile’s mission is to help retailers run great stores,” said Purna Mishra, Logile’s Founder and CEO. “We began with our industry-leading labor planning and workforce management solution and have added many innovations to respond to the changing retail environment. Logile has historically operated as a bootstrapped organization, and it’s been very satisfying to guide Logile to its place as the leading provider of store planning solutions. Now is the right time to partner with an organization that believes in our vision. Teaming up with an organization of Sixth Street’s experience and expertise will allow us to bring Logile’s singular vision of store planning and execution to retailers across the globe. We will focus on expanding our sales and marketing efforts and continuing to expand and improve our solutions to ensure Logile remains on top of the RIS Software LeaderBoard rankings, where we’ve placed since 2015.”
“Logile offers retailers the most complete platform available to solve the critical pain points associated with store planning and execution, and we believe in Logile’s vision to transform store-level planning and operations,” said Bo Stanley, Partner and Co-Head of Sixth Street Growth. “Logile is starting a new chapter in its already successful journey, and we look forward to supporting Purna and his team as they pursue the large opportunity set ahead.”
Oppenheimer & Co. acted as exclusive financial advisor to Logile.
About Logile, Inc.
Founded in 2005, Logile is the leading retail labor planning, workforce management, inventory management, and store execution provider deployed in thousands of retail locations across North America, Europe, Asia, Australia, and Oceania. Our proven AI, machine-learning technology and industrial engineering accelerate ROI and enable operational excellence with improved performance and empowered employees. Retailers worldwide rely on Logile solutions to boost profitability and competitive advantage by delivering the best service and products at optimal cost. Visit www.logile.com and follow us on LinkedIn to learn more.
About Sixth Street Growth
Sixth Street is a leading global investment firm with over $65 billion in assets under management and committed capital. Sixth Street Growth is the firm’s dedicated platform for making private investments in growth companies. The Sixth Street Growth team partners with companies and management teams to provide bespoke capital solutions to accelerate organic and inorganic growth. Sixth Street has invested over $9 billion in more than 70 companies in its growth investing strategy since inception. Select Sixth Street Growth investments include Airbnb, AvidXchange, Bloomreach, Datavant, DrFirst, Gainsight, MDLIVE, Spotify, and Sprinklr. For more information, visit www.sixthstreetgrowth.com and follow Sixth Street on LinkedIn, Twitter, and Instagram.
- For Logile:
- Rick Schlenker
- For Sixth Street:
- Patrick Clifford