$15 million Brightpearl funding and new Chairman

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Brightpearl has announced a $15 million growth round and the appointment of a new Chairman to help drive further expansion.

“Our mission is to enable intelligent retail. We’ve experienced tremendous growth over the last year because of our ability to service the need from fast-growing brands for a solution that automates their operational processes and supports real-time decision making, which is absolutely vital in today’s culture of immediacy for retailers and wholesalers. It’s a real credit to the Brightpearl team and the support of our customers that we have secured investment from a leading European technology investment firm. We plan to invest these funds into expanding our service and introducing machine learning capabilities to give our customers even more value when making business decisions.”
– Derek O’Carroll, CEO, Brightpearl

“What initially drew us to partner with Brightpearl is the same thing that continues to make them a valued Bigcommerce partner today – a steadfast commitment to simplifying the merchant’s back-office experience. This new investment, combined with their customer-first mentality, will only strengthen the company’s ability to service BigCommerce merchants with a best-in-breed ERP solution.”
– Russell Klein, chief development officer, BigCommerce

With a view to scaling the business internationally, Brightpearl has also appointed Maurice Helfgott as Chairman, the former Marks & Spencer main board director, who has built a reputation for transforming the fortunes of fashion businesses, especially online.

“After years of intensive high-quality tech development, Brightpearl have produced an excellent and capable platform, growing rapidly under impressive leadership. The next step is introducing real-time machine learning data into the platform, so our customers are able to make more informed decisions — that’s hugely valuable in the current retail climate. Retail and wholesale are in a stage of transformation and reinvention and there is a huge opportunity in this sector. I’m really looking forward to working with Brightpearl’s customers, its stakeholders, Board, and management team as we continue to develop and deploy our proven platform and accelerate Brightpearl’s international expansion, particularly in the US.”
– Maurice Helfgott, Chairman, Brightpearl

“We’re delighted to have Maurice join us. Brightpearl will benefit from his broad strategic and operational experience across large and smaller retail brands with international pedigree. This will prove vital as we accelerate our growth efforts and his wealth of retail experience means that we’ll be able to get even closer to our customers as we continue to develop our dedicated retail ERP platform to serve the operational needs of retailers and wholesalers.”
– Derek O’Carroll, CEO, Brightpearl



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