Multi-channel retail management venture Brightpearl has raised $11 million from investors including Eden Ventures, MMC Ventures, and Notion Capital, supplemented by a loan from Silicon Valley Bank and Columbia Lake Partners. This brings the total funding raised to $30.5 million. The company says it will use the cash to accelerate the growth of its sales and marketing organisation in San Francisco, and to continue to scale its engineering, service and support teams to drive innovation and growth, and to deliver value to its more than 1,400 customers in 30 countries.

“Our customers continuously outperform the market and compete on par with large retailers, and we believe this is testament to the operational efficiencies that Brightpearl helps them deliver,” says Charles Grimsdale, executive chairman, Brightpearl. “Our customers sell globally on multiple channels both online and offline. They are highly innovative, and we are delighted that Brightpearl helps them to grow faster and achieve greater operational efficiencies.”

Craig Netterfield, managing partner at Columbia Lake Partners, comments: “Brightpearl addresses a significant unmet need in a fast growing market. The team has developed a mission-critical platform that enables thousands of retail businesses to compete successfully. We founded Columbia Lake Partners to provide growth loans to leading European companies like Brightpearl. We’re very much looking forward to working with the team to continue building a phenomenal product and company.”

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