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About Quilt Software
Industries
Data & Analytics
Enterprise Software
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$2.5M
Headquarters
New York City, New York
Founded
2021
Overview
Quilt Software acquires specialized point-of-sale (POS) software companies that serve small businesses with unique inventory needs or targeted POS requirements. These acquired products are integrated into QuiltOS, Quilt Software’s proprietary system, and the company provides tools, resources, and consultative expertise to help these businesses grow and serve more customers. The business model centers on partnering with POS providers to improve their operations and expand their market reach, ultimately helping local independent retailers compete with larger chains. Revenue comes from scaling the acquired businesses and aligning them with strategic growth goals. Quilt Software serves a niche of small to medium-sized retailers, aiming to accelerate growth and long-term success.
Simplify's Take
What believers are saying
- Vertical POS adoption rises as 67% of retailers upgrade systems by 2026.
- PSG-backed $2.5M raise in 2023 fuels aggressive acquisitions and QuiltOS development.
- Subscription SaaS yields 40% higher retention in specialty retail segments.
What critics are saying
- Lightspeed acquires niche POS targets, exhausting Quilt's pipeline in 6-12 months.
- Square's free POS erodes QuiltOS pricing, causing churn in 3-6 months.
- Toast invades specialty segments like cheese shops within 12-18 months.
What makes Quilt Software unique
- Quilt acquires specialized POS firms for niche verticals like jewelry and pet supplies.
- QuiltOS integrates AI-driven operations across acquired companies for unified efficiency.
- Quilt empowers local retailers against chains via tailored inventory and analytics tools.
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Funding
Total Funding
$2.5M
Below
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Paid Parental Leave
Paid Time Off
Paid Holidays
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 26%2 year growth
↑ 3%Quilt Software has filed a notice of an exempt offering of securities to raise $2,500,000.00 in New Equity and Debt Financing. Quilt Software has filed a notice of an exempt offering of securities to raise $2,500,000.00 in New Equity and Debt Financing.According to filings with the U.S. Securities and Exchange Commission, Quilt Software is raising $2,500,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Andrew Stern played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.About Quilt SoftwareQuilt assembles software companies providing POS solutions for highly-specialized vertical industries with complex inventory management requiments. Each solution is uniquely tailored to the needs of that particular industry, but they are all backed by a common set of resources for added strength and resilience. Quilt is a PSG portfolio company (www.psgequity.com).To learn more about Quilt Software, visit http://quiltsoftware.com/Contact:Andrew Stern, Chief Executive Officer646-637-6147https://www.linkedin.com/in/ahstern/SOURCE: http://www.intelligence360.ioCopyright (c) 2023 SI360 Inc
Quilt Software is Hiring for 5 Jobs on Simplify!
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About Quilt Software
Industries
Data & Analytics
Enterprise Software
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$2.5M
Headquarters
New York City, New York
Founded
2021
Quilt Software is Hiring for 5 Jobs on Simplify!
Find jobs on Simplify and start your career today