Turbine 🛒

Setting the Scene

• Today’s shopper has countless destinations to purchase their favorite products, including in-store, a company’s website, Amazon, and social media. 🛍

• But what happens behind the scenes after an order is placed?

• It turns out that the ease of shopping across multiple channels isn’t so easy to track on the backend.

• Companies must keep track of sales across every platform, which results in fragmented data, spreadsheet overload, and hours of manual labor. ⏳

• This week’s company offers a platform that helps retail and e-commerce businesses manage their sales and operations in one place. 

In a Sentence

Turbine is a platform that enables multi-channel retail and e-commerce businesses to centralize their workflows.

• Multi-Channel: Companies selling on Shopify, Amazon, and more.

• Workflows: Aggregates data across sales channels, accounting, inventory, forecasting, and supply chain workflows.

The Basics

• Industry: Supply chain, retail, data, e-commerce

• Headquarters: Remote

• Year founded: 2022

• Employee count: 5

• Investors: Not publicly disclosed

• Amount raised: Not publicly disclosed

• Currently raising: Seed round

• Business model: B2B SaaS

• Early traction: $1m of orders moving through the platform per day, customers include Thursday Boots, Tomorrow Farms, and Stix

IN PARTNERSHIP WITH

• Investors earn 325% annualized return here (really)

• While the ultra-rich have been banking off this under-the-radar asset for centuries, a group of everyday investors just used it to rake in a whopping 325% annualized gain.

• The asset was a sculpture offered by the fractional art investment platform Masterworks. After just 36 days, investors were able to profit for a 15.4% net gain, a triple-digit return on an annualized basis.

• While it’s not common for Masterworks to get a profitable exit that fast, every one of Masterworks’ 13 exits has returned a profit to investors, totaling more than $45 million in sales.

• Bulletpitch readers can use this exclusive link to skip the waitlist.

See important disclosures at masterworks.com/cd

Due Diligence

WHAT WE LIKE

• 📈The future of e-commerce: As the retail landscape has evolved, Amazon accounts for 37% of e-commerce sales and nearly one-third of US consumers shop on social media, compelling businesses to adopt a multi-channel strategy.

• ✅ All-in-one: Turbine addresses pain points in the sizable supply chain management market by centralizing multiple retail channels and providing real-time data across operations for every type of end user.

• 🔢 Countless applications: The platform serves a broad range of customers, from an enterprise shoe company to an influencer managing inventory across their website and social media shop.

POTENTIAL RISKS

• ⚙️ Nice or need? Retail and e-commerce businesses use numerous tools to manage their operations, and while Turbine helps streamline operations, potential customers may be hesitant to add another platform to their suite of tools.

• 🤔 Integration complexity: Turbine must work with each customer to integrate their various sales channels and operational software, which requires ample resources and leads to longer onboarding times.

  • The company also relies on e-commerce partnerships, where changes in terms, API access, or rules could cause disruptions.

• 🏁 Competition: Turbine must stand out among established enterprise resourcing planning platforms (ERPs) and new entrants competing to be the go-to solution for centralizing e-commerce operations.

Founder Profile

• Emilie Schario, CEO: Previously worked in data analytics at Netlify and Gitlab and supply chain analytics at Smile Direct Club.

Comps

• Ordoro: Backed by Stage One Capital and E-Merge.

• Fulfil: Backed by Extreme Venture Partners, 500 Global, and Rajan Anandan.

• Singuli: Backed by Harlem Capital, High Alpha, Alumni Ventures, and others.

• Synder: Backed by TMT Investments, Y Combinator, and Born Capital.

📌 Bulletin Board

• 💸 Refine your investment strategy: Composer releases a cutting-edge AI copilot for algorithmic trading - Build, refine, and deploy trading bots in minutes using natural language and a no-code visual editor.

  • Mention "Bulletpitch" when you sign up for an extra 2 weeks free trial on a Pro membership.*

• ✂️ The great split: Leading venture capital firm Sequoia Capital is splitting its global business into three separate entities for the U.S. and Europe, China, and Southeast Asia to address international complexity.

*This is sponsored content.

🗳 Cast Your Vote

Last Week Today

• The results are in: Subscribers voted slightly in favor of SweatPals, a social fitness platform with tools to discover and manage fitness communities.

• Subscriber feedback: Fitness opportunities are “activities that people would be willing to download another app for.”

✍️ Written by Brett and Sam

🗣 SHARE THIS FEATURE 🔍 EXPLORE PAST FEATURES 🎙 PITCH US 📢 ADVERTISE