BrightPearl

In December 2015, VentureFounders successfully supported the £3.3 million fundraise for Brightpearl alongside existing institutional shareholders Notion Capital, Eden Ventures and MMC Ventures. A year later in December 2016, VentureFounders invested further capital alongside existing institutional investors in a £3.3 million round. 

With Brightpearl’s SaaS software, retailers can manage core aspects of their business by combining orders, inventory, customer data, accounting, sales channels and reporting into a single, reliable retail management system.

Brightpearl’s goal is to build a $1bn valuation SaaS company, which is focused on helping SMB retailers succeed. 

They have recently opened their second office in the US and made a series of new hires with specialized retail and technology experience. 

www.brightpearl.com

KEY INVESTMENT HIGHLIGHTS

  • Feature rich, competitive product in an under served segment

  • Opportunity to lead in a fragmented marketplace with no dominant player

  • Traction in the US, which is over 10x the size of the UK market

  • Supportive institutional shareholders and potential exit routes