bristol’s brightpearl raises $33m series c round led by sage to boost its platform for retailers

Brightpearl, a company enabling retailers to optimize their processes and increase revenue, has secured $33 million in a new funding round to facilitate expansion. This Series C investment was spearheaded by Sage, contributing $23 million to the U.K.-based organization. Existing investors, including Cipio Partners, Notion Capital, and Verdane, also participated, adding $10 million to the round.

Headquartered in Bristol, U.K., the company offers a comprehensive platform encompassing financial controls, customer relationship management, order fulfillment, inventory control, sales order processing, purchasing and supplier relations, warehousing capabilities, and logistical support.

As a result of the investment, Sage will gain a position on Brightpearl’s board of directors. According to a company statement, “Sage and Brightpearl will jointly empower retail and e-commerce businesses to utilize leading cloud-based financial and retail management tools, assisting them in their digital transformation. This collaboration with Brightpearl aligns with Sage’s overall approach of investing in high-potential, complementary cloud software applications.” Brightpearl currently maintains established partnerships with prominent platforms like Shopify, eBay, and Amazon.

Derek O’Carroll, CEO of Brightpearl, commented: “We are pleased to establish this new relationship with Sage to better serve our retail clients and strengthen the combined presence of Sage and Brightpearl in both the U.K. and U.S. markets. Brightpearl’s system delivers substantial advantages by automating retail operations, allowing merchants worldwide to conserve time and provide exceptional, fast, and complete customer experiences.”