The Munich-based startup Shore continues its growth trajectory and has acquired Inventorum, a Berlin-based startup specializing in innovative POS systems. Founded in Munich in 2012, the company now offers a complete solution for digital appointment and customer management. As part of the acquisition, Shore secured millions in additional financing from internal investors.
The Munich-based SaaS provider Shore With this acquisition, Shore is improving its service offering for small and medium-sized service providers such as hairdressers, beauty salons, workshops, and craftsmen. At the same time, Inventorum's multi-channel POS system offers a digital solution for retailers that meets changing legal requirements. With the acquisition of the Berlin-based company, Shore is expanding its existing offer A digital POS system with accounting, inventory management, customer management, and online shop software. Shore now offers an all-in-one software solution with the Berlin-based company's application seamlessly integrated.
Inventorum is now a wholly owned subsidiary of Shore. In addition to the current 70 employees spread across the headquarters and the two Shore offices in Los Angeles and Zurich, the Berlin office will also be joined by the employees there.
Inventorum seamlessly integrated into Shore
Nikbin Rohany, CEO of Shore, commenting on the acquisition:
"The Inventorum POS system (...) is an optimal complement to Shore. This will enable us to offer our customers an even more comprehensive, state-of-the-art service in the future."
Instead of different, incompatible systems, service companies prefer a complete solution that is also mobile-capable. Christoph Brem, founder and managing director of Inventorum, says about the solution he developed:
"All cash register transactions can be handled completely digitally. This not only creates transparency across all processes, but also legal certainty."
As part of the acquisition, Shore increased its financing by several million euros: Existing investors increased the financing by a mid-seven-figure sum, according to information provided in response to inquiries. Details are not known.
