Block acquired Stitch Labs, a transaction announced in July 2020.
Stitch Labs operates in Square (Seller), is based in United States. Square acquired Stitch Labs, an operations management platform for growing commerce brands with tools for inventory and order management, channel management, and fulfillment. The team joined Square's Seller organization. Stitch Labs stopped taking new customers, continued serving existing customers into Spring 2021, and its products were slated to be sunset so the team could focus on building Square tools.
Square gained Stitch Labs' expertise in inventory, order, channel management, and fulfillment tooling to better serve commerce sellers, folding the team into its Seller organization.
Advisory firms were not disclosed for this transaction.