Brightpearl, which supplies a cloud-based inventory management and business platform to SMB retailers and wholesalers, has raised $11 million in its latest round of financing. This brings the company’s funding total to $30.5 million. Brightpearl will use the cash, from Eden Ventures, MMC Ventures and Notion Capital, to accelerate the growth of its sales and marketing organization in the U.S., and to scale engineering, service and support teams to deliver value to its more than 1,400 customers in 30 countries.
The Brightpearl software provides an integrated solution combining accounting, inventory, purchasing, CRM, shipping/fulfillment, POS and other modules to help manage multiple aspects of a small to medium-sized retail business.
“Our customers sell globally on multiple channels both online and offline,” said Brightpearl Executive Chairman Charles Grimsdale in a statement. “They are highly innovative, and we are delighted that Brightpearl helps them to grow faster and achieve greater operational efficiencies.”