Nexa Equity to acquire a majority stake in Storewise.

Nexa Equity, a private equity firm that partners with founder-led, rapidly scaling SaaS and fintech companies that address markets underserved by technology, agreed to acquire a majority stake in Storewise, a retail software platform that automates manual tasks and reduces errors, thereby protecting profits. Financial terms were not disclosed. “The Storewise team takes pride in working with independent grocers, who play a vital role in our communities and employ more than 1 million Americans. We’re dedicated to supporting an industry critical to our nation’s economy by building a unified software platform that helps independent grocers operate more profitably and efficiently. We’re excited to have found a likeminded growth partner in Nexa Equity that shares our core values and will help accelerate our vision. The pace at which Storewise is being adopted, and the positive results grocers are experiencing, let us know that we’re on the right track,” Christopher Greco, Storewise President and CEO.