Evant lands $15 million in funding to expand to Europe and in R&D

San Francisco-based Evant Inc., provider of web-based multi-channel planning and replenishment systems, has received $15 million in Series C funding from venture capital firms GRP Partners and 3i, the company reported today.

Evant also announced that it is opening a London office to serve a European expansion.

All of Evant’s core investors, including Kleiner Perkins Caufield and Byers, Crosslink Capital, Altos Ventures and REI participated in the round which the company will use to expand into Europe and to expand R&D operations in the US.

Evant’s three core offerings are Evant Demand Planning and Replenishment, Evant Merchandise Planning and Evant Enterprise Information Management for data synchronization. Evant’s retailer clients include Staples, O`Reilly Automotive, Lillian Vernon and Camping World.

“3i and GRP are great additions to our bench of investors, giving us added expertise in the European and retail markets,” said Bob Lewis, CEO of Evant. “GRP has a strong track record of funding companies and technology providers that have changed the retail landscape, such as Costco Wholesale, Petsmart, Starbucks and Overture Services. As a leading international VC firm, 3i’s investment team has an outstanding track record of empowering early- and mid-stage software companies to succeed internationally.”

“There is a clear opportunity for a few emerging software companies to secure a leadership position in the retailer and supplier sectors, and we believe Evant will be one of them,” said Kevin Scott, partner with 3i in Menlo Park. “Evant stands out because of its proven ability to deliver advanced industry science, next-generation platforms and many first-to-market applications such as multi-echelon and slow mover inventory management.”