Brightpearl, a Bristol, UK-based provider of a multichannel retail management platform, raised $11m in financing.
Backers included Eden Ventures, MMC Ventures, and Notion Capital, supplemented by a loan from Silicon Valley Bank and Columbia Lake Partners.
The company, which has raised $30.5m in total, is using the funds to accelerate the growth of its sales and marketing organization in San Francisco, and to continue to scale its engineering, service and support teams.
Founded in 2007 and led by Charles Grimsdale, executive chairman, Brightpearl provides a cloud-based inventory management and retail business platform to small to medium independent retail and wholesale customers. The software combines accounting, inventory, purchasing, customer relationship management (CRM), shipping/fulfillment, point of sale (POS) and other modules to help manage every aspect of a growing retail business for more than 1,400 customers including Cuyana, Finery London, Mahina, and Oi Polloi, in 30 countries.
It integrates with a variety of leading sales channels including Amazon, Bigcommerce, eBay, Magento, Shopify.