Easy Metrics Secures $31 Million Growth Investment from Nexa Equity to Enhance Operational Efficiency for Warehouses and Manufacturers
21 May 2024 - 12:30PM
Business Wire
Investment to Support the Growing Demand for
Labor, Financial, and Operational Management Platform
Capabilities
Easy Metrics, a leading labor analytics platform for warehouses
and manufacturers, has received a $31 million investment from Nexa
Equity, a growth-oriented private equity firm focused on partnering
with founders to scale B2B software businesses. The funding will be
used to accelerate product development, expand organizational
capacity, and pursue strategic acquisitions.
Easy Metrics stands out with its comprehensive suite of products
that provides actionable insights into operational cost and
performance, site profitability, and labor productivity. Developed
by industry experts with extensive experience in the warehouse
sector, Easy Metrics’ software platform empowers operations teams
to cut waste, drive efficiencies, and create a more engaged and
productive workforce. Leading global logistics, retail, and
third-party logistics companies trust Easy Metrics for operational
profitability and performance. The company currently serves over
250 facilities across more than 50 customers that range from
fortune 500 enterprises to mid-market businesses.
Dean Dorcas, Co-Founder and CEO of Easy Metrics, said, "Our
vision is to unlock the power of workflow data for supply chain
operations so customers can strategically use it to drive
operational excellence and profitability. Operations leaders
increasingly seek to manage labor, costs, and performance in one
place. Nexa Equity is a partner that has the expertise, resources,
and shared vision to achieve our long-term goals.” Dan Keto,
President and CTO of Easy Metrics, added, “Our team believes
there’s a massive opportunity ahead of Easy Metrics, and we look
forward to collaborating with Nexa Equity to reinforce our leading
position as a trusted partner to our customers.”
Vlad Besprozvany, Founder and Managing Partner at Nexa Equity,
shared, “Easy Metrics is at the cutting edge of transforming
operational visibility in industries that have traditionally relied
on manual processes to manage operations. Our investment is
strategically aimed at boosting Easy Metrics’ capacity to scale and
capitalize on this transformation opportunity by helping the team
further expand product capabilities, make strategic hires, and
scale its go-to-market strategy.”
Joey Maloney, Partner at Nexa Equity, added, “Easy Metrics’
labor analytics solution is becoming increasingly vital for
warehouses and manufacturers due to shifts in labor dynamics and
the supply chain. We are very excited to partner with Dean and the
Easy Metrics team, which has leveraged their deep industry
expertise to build a best-in-class product that addresses critical
operational needs.”
About Nexa Equity
Nexa Equity is a San Francisco, California based private equity
firm that partners with founder-led, rapidly scaling SaaS companies
that address markets underserved by technology to create enduring
value for the benefit of its investors and portfolio companies. The
firm has more than $350 million in private equity capital under
management and is focused on continuing to grow its portfolio of
companies. The Nexa Equity team brings substantial investing and
operational experience to the table and helps management teams
professionalize and scale their businesses while driving long-term
sustainable growth. For more information, please visit
www.nexaequity.com.
About Easy Metrics
Operations and finance leaders use Easy Metrics’ cloud platform
to analyze, forecast, and manage the cost and performance of their
warehouse operations. Easy Metrics empowers leaders to drive
operational speed and efficiency, cut waste, prioritize
investments, and adopt labor and automation strategies that
ultimately fuel the growth of their business. Easy Metrics is based
in Bellevue, Washington and serves more than 50 customers and 250
warehouse facilities. Easy Metrics received initial funding from
SJF Ventures and Fortson Venture Capital, which have been
instrumental in helping the company become industry leaders. For
more information, please visit https://easymetrics.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240521620876/en/
For Nexa Equity: Nathaniel Garnick/Mark Semer Gasthalter
& Co nexa@gasthalter.com (212) 257-4170 For Easy
Metrics: Jill Keto Easy Metrics pr@easymetrics.com
425-200-0686