Brightpearl, Which allows retailers to improve their operations, leading to increased sales Raised $ 33 million In funding to grow your business. this Series c round Was led by the sage who is put $ 23 million in UK company. Past backers Cipio Partners, Noyean Capital and Worden also participated, putting in $ 10 million.
The Bristol, UK-based startup has a platform for financial management, CRM, fulfillment, inventory and sales order management, purchasing and supplier management, warehousing and logistics.
Sage now takes a seat on Brightpearl’s board. A statement said: “Together, Sage and Bright Pearl will help retail and e-commerce customers leverage the best-of-breed cloud finance and retail management solutions, supporting them on their digital journey. The partnership with Bright Perl is in line with Sage’s broader strategy to invest in complementary high-growth cloud-based software applications. ” Brightpearl has partnerships with Shopify, eBay and Amazon.
Brightpearl’s chief executive, Derek O’Carroll, said in a statement, “We are looking to build this new relationship with Sage to further expand our retail customers and accelerate the strong presence of Sage and Bright Pearl in the UK and US Are happy Brightpearl’s solution brings significant benefits by automating retail processes so global traders can save time and deliver outstanding end-to-end experiences. “