Bristol based enterprise resource planing company, Brightpearl raises $15 million in growth funding. Investment led by Cipio partners who join with existing investors MMC Ventures and Notion Capital.
Brightpearl was founded in 2007 in Bristol and claims to serve 1000+ brands with their transactions and more than $1.8 billion worth of trades worldwide.
According to the 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.”
Also he added,
“It’s a real credit to the Brightpearl team and the support of our customers that we have secured investment from a leading European technology investment firm. We plan to invest these funds into expanding our service and introducing machine learning capabilities to give our customers even more value when making business decisions.”
With this funding, Brightpearl also appointed founder of Amery Capital and former board director of Marks & Spencer, Maurice Helfgott as chairman.
Helfgott said that Birghtpearl have produced an excellent platform because of their high quality tech development and their next step is to introduce real-time machine learning data into the platform.