Sonae IM acquired a stake in InovRetail, becoming a reference shareholder in this technology startup, an
operation which we regard as an important milestone for the company.
core business is to develop advanced analytics tools, focused on assisting
retailers in making more informed decisions and improving their performance,
with a positioning we believe to be innovative, distinctive and different from
anything else in the market. The company’s resources were a key factor in our
decision-making process, as the company relies on a high-quality management
this investment crucial for our corporate venturing strategy that is focused on
retail-related tech companies. The next short-term steps include accelerating
growth in the markets where InovRetail is already operating, as well as
entering new strategically defined ones. Consequently, in the near future there
will be an investment into increasing the team, improving its SaaS platform and
enhancing research and development.
strategy laid out by Sonae IM also contemplates this: to invest in teams and
companies in which we recognise the potential and the ambition to grow globally
in distinctive technology areas. We shall do everything to contribute to reach
the established goals, which entail making InovRetail an international player
of great relevance in its field.
Administrador da Sonae IM / Executive Director