Brightpearl, a cloud software that integrates orders, inventory and customer data across multiple retail channels, today announced it has raised $8 million in a Series B financing, which was co-led by seed investors Eden Ventures and Notion Capital.
The software of the Bristol-based company is fully integrated with a variety of sales channels including Magento, eBay, Bigcommerce, Shopify and Amazon, providing retailers with built-in access to multiple avenues for growth. The company was founded in 2007 and has offices in Bristol, Dublin and San Francisco.
Brightpearl intends to use the Series B proceeds to invest in continued enhancements to its industry-leading Commerce Acceleration Platform, and to expand sales in North America and the UK.
“We believe Commerce Acceleration software for small to medium businesses is a multi-billion dollar global opportunity,” said Charles Grimsdale, Eden Ventures co-founder and a director of Brightpearl. “Brightpearl dominates this market with the ideal combination of technology, team and traction. We’ve seen customers experience growth rates of 40%-50% by adding new sales channels on the Brightpearl platform vs. single-digit growth for the overall retail sector.”
Check out the video below in order to get an overview of Brightpearl: