# Brightpearl

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brightpearl

- Industry: Software
- Headquarters: Austin, US
- Website: www.brightpearl.com
- Total disclosed funding: $58M
- Latest round: Series C (Dec 22, 2020)
- Investors on record: 7

## About

Brightpearl Inc. specializes in providing a comprehensive Retail Operating System tailored for multi-channel merchants and wholesalers, aimed at improving operational efficiency and streamlining business processes.Founded in 2007 in Austin, US, Brightpearl Inc. delivers a Retail Operating System that supports multi-channel merchants and wholesalers. The company was acquired by Sage (UK) Limited in December 2021 from previous investors including Eden Ventures and Notion Capital. The founder, Chris Tanner, has a history of entrepreneurship in the tech sector. Brightpearl has successfully completed a total of 9 deals, with the latest funding round being Series C, raising GBP 25.000 mn, led by Sage (UK) Limited.Brightpearl’s core offering is its Retail Operating System, designed specifically for multi-channel merchants and wholesalers to enhance operational efficiency and streamline their business processes. This comprehensive platform includes features such as automation for complex order fulfillment, multi-location inventory management, shipping, accounting, and real-time data insights. Released with the aim of addressing challenges faced by the retail sector—such as supply chain disruptions, fluctuating demand, and the need for efficient inventory planning—the solution has quickly gained traction among over 5,000 brands worldwide. Brightpearl serves a diverse clientele across various geographical markets, including North America, Europe, and Asia-Pacific, enabling retailers in these regions to automate operations and focus on growth strategies.In the most recent year, Brightpearl reported a revenue of GBP 12,762,125.80 with an EBITDA of GBP -27,599,720.30. The company operates primarily on a subscription-based revenue model, where clients pay for access to the Retail Operating System and its suite of features. The pricing structure is tiered, allowing for different levels of service depending on the features and scale required by each business. Flagship offerings, such as the Automation Engine and advanced inventory planning tools, are integral to this model and are positioned to drive customer retention and satisfaction. Brightpearl's transactional framework is supported by partnerships with major e-commerce platforms like Shopify, enhancing its value proposition for businesses navigating today's dynamic retail landscape.Brightpearl plans to innovate by launching new products designed to enhance its Retail Operating System, although specific release dates have not been disclosed. The company is targeting geographic expansion into emerging markets, with a focus on regions in Asia-Pacific expected by the end of 2024. The recent Series C funding of GBP 25.000 mn will be utilized to support these growth initiatives, including product development and market entry strategies.

## Funding rounds

- Series C, Dec 22, 2020, $34M — Verdane, Cipio Partners, MMC Ventures, Notion Capital, Sage (UK) Limited
- Series C, Apr 28, 2014, $10M — Eden Ventures, MMC Ventures, Notion Capital, Quayle Munro
- Series B, May 21, 2013, $8M — Eden Ventures, Notion Capital
- Series A, May 25, 2011, $5M — Eden Ventures, Notion Capital
- Seed, Jun 20, 2010, $1.5M — Eden Ventures, Notion Capital

## Investors

- Eden Ventures — Seed, Series A, Series B, Series C
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Seed, Series A, Series B, Series C
- MMC Ventures (https://capitalatlas.ai/funds/mmc-ventures) — Series C
- Quayle Munro — Series C
- Verdane (https://capitalatlas.ai/funds/verdane) — Series C
- Cipio Partners (https://capitalatlas.ai/funds/cipio-partners) — Series C
- Sage (UK) Limited — Series C