Bristol-based enterprise software platform Brightpearl has just announced that it has completed a $10m funding round. According to Techcrunch, “the round was led my MMC Ventures with participation from Quayle Munro and existing investors Eden Ventures and Notion Capital. That bring its total funding to date to around $24 million after previous funding round.”
Brightpearl was founded by Chris Tanner and Andrew Mulvenna and now employs over 80 people in Bristol and San Francisco. It has processed over $1.3 billion in gross merchandise value. Read the full story on Techcrunch including the bit where Mike Butcher describes Bristol as the UK’s own “Wild West”!
UPDATE: We caught up with Andrew Mulvenna after we published the story and asked him to tell us a bit more about Brightpearl’s performance and success. He told us that “Brightpearl has been doubling in size and is set for massive growth driven by an unmet global need for a multi-channel retail management system. We believe every small business has the chance of becoming one of tomorrows success stories. Our customers increased their sales at an astonishing 35% year-on-year. That is 10 times the average growth rate of the retail industry as a whole and more than twice as fast as the fast-growing ecommerce category overall.”
