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. In April this year, VentureFounders continued to support the company in a £5.6 million fundraise alongside existing and new investors. 

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