Brightpearl: Raises $33M Series C round led by Sage to boost its platform for retailers

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Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.
  • Brightpearl, which allows retailers to streamline their operations thus boosting sales, has raised $33 million in funding to scale its business
  • This Series C round was led by Sage, which has put $23 million into the U.K. company
  • Previous backers Cipio Partners, Notion Capital, and Verdane also participated, putting in $10 million
  • The Bristol, U.K.-based startup has a platform for financial management, CRM, fulfillment, inventory, and sales order management
  • The partnership with Brightpearl is consistent with Sage’s broader strategy to invest in complementary high growth cloud-based software applications
  • Brightpearl’s solution brings significant benefits by automating retail processes so global merchants can save time and deliver outstanding
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