Brightpearl Raises $15M

7/23/18

Brightpearl, the world’s largest purpose-built retail ERP platform, today announces a $15 million growth round and the appointment of a new Chairman to help drive further expansion.

More than 1,000 brands rely on Brightpearl to transact more than $1.8bn of trade across 26 countries. The company has seen a 77% increase in year-on-year new business growth and delivered 34% revenue growth in the last 12 months alone. Brightpearl was recently voted the top SaaS company to work for in Britain, beating companies such as Microsoft, Adobe and LinkedIn.

The latest growth round for the ambitious tech firm was led by Cipio Partners, who will join existing investors MMC Ventures and Notion Capital.

“Our mission is to enable intelligent retail,” says Brightpearl CEO, Derek O’Carroll. “We’ve experienced tremendous growth over the last year because of our ability to service the need from fast-growing brands for a solution that automates their operational processes and supports real-time decision making, which is absolutely vital in today’s culture of immediacy for retailers and wholesalers.

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