Brightpearl, an Austin, TX and Bristol, England-based purpose-built retail ERP platform, raised $15m in growth funding.
The round was led by Cipio Partners, which will join existing investors MMC Ventures and Notion Capital.
The company intends to use the funds for further international expansion.
Led by CEO Derek O’Carroll, and newly appointed Chairman Maurice Helfgott, the former Marks & Spencer main board director, and the founder of Amery Capital, an investment and advisory firm with a principal focus on retail and digital consumer businesses, Brightpearl is a cloud-based ERP for retailers and wholesalers.
Its complete back-office solution includes financial management, inventory and sales order management, purchasing and supplier management, CRM, fulfilment, warehouse and logistics. In addition, the solution has connectors to the major ecommerce platforms, including Magento, BigCommerce and Shopify.
The company has 1,400 customers worldwide who process more than $2.5 billion dollars of orders with Brightpearl each year.