Nuqleous®, a leading provider of automated retail space-planning and performance analytics software, has successfully secured a significant $26 million strategic growth investment from Blue Ladder Capital, an investment and operating firm known for its partnership with verticalized market-leading B2B software companies.
Nuqleous’ software solutions empower customers to enhance margins, reduce inefficiencies and turnover, and boost sales across more than 700 categories, representing a staggering $40.9 billion in annualized sales for over 3,700 brands.
Since its inception in 2013, Nuqleous has been empowering top consumer packaged goods (CPG) brands, distributors, and retailers with advanced merchandising and data analytics capabilities. The company’s Shelf IQ® product has become a go-to solution for category advisors, managing store-specific merchandising strategies for over 250,000 SKUs. Not only does this drive billions in revenue for clients, but it also saves them thousands of hours each year.
Nuqleous’ Spotlight product serves as a single source-of-truth for both retailer and syndicated third-party data sources. This empowers CPG brands and distributor teams with invaluable insights to optimize revenue, minimize errors, and strengthen relationships with end-customers.
With an impressive client roster that includes over 75 blue-chip companies like Kraft-Heinz, PepsiCo, Kellogg’s, Anheuser-Busch, and Unilever, Nuqleous serves major retailers, convenience stores, and grocers such as Walmart, Target, 7-Eleven, CVS, and Kroger. The company has achieved remarkable growth, earning consecutive placements on the Inc. 5000 Annual List of America’s Fastest-Growing Companies in 2021 and 2022. Furthermore, in 2023, Nuqleous received the prestigious Inc. Best Workplaces recognition, highlighting its commitment to employee well-being and fostering a supportive work environment.
Paul Sims, Co-Founder, and CEO of Nuqleous, shared his excitement about the funding round, stating that it will accelerate product innovation and reinforce their customer-led growth strategy. The company believes in enhancing customers’ lives through automation and data-driven decision-making, and partnering with Blue Ladder Capital, known for scaling mission-critical software businesses, aligns perfectly with their vision.
To facilitate their growth trajectory, Nuqleous has appointed Garrett Levey and Bill Kloza as Co-Presidents. Garrett Levey, formerly of Titan Cloud Software (acquired by Charlesbank Capital Partners) and M33 Growth, and Bill Kloza, also from M33 Growth and previously an investor at JMI Equity, bring valuable expertise to fuel Nuqleous’ expansion plans. Additionally, Paul Springmann, Co-Founder, and President, will transition into an advisory role as part of the transaction.
Garrett Levey expressed his confidence in the partnership, highlighting Nuqleous’ strong product/market fit and exceptional net promoter score. He emphasized Blue Ladder Capital’s long-term commitment to building an enduring business and expanding Nuqleous’ market presence both nationally and internationally.
Established in 2013, Nuqleous continues to be at the forefront of automated retail space-planning and performance analytics software, boosting agility and efficiency for retailers, CPG brands, and distributors. Their innovative solutions have a proven track record of driving significant returns on investment for customers, reinforcing their position as a market leader in the industry.
