MMC leads $10m round for Brightpearl

Co-investment was provided by existing investors Eden Ventures and Notion Capital. Corporate finance adviser Quayle Munro also committed capital to the round. 

The fresh funding will be used to develop the firm's platform and boost sales.

Previous funding
Notion and Eden participated in the firm's $5m series-A round in 2011. The duo then committed $8m in a series-B round in 2013.

The firm's seed funding round saw angel investors make a capital injection of $1.5m in 2010. 

Company
Founded in 2006 and based in Bristol, Brightpearl has developed a web-based solution for multi-channel retailers. The platform includes accounting, customer relationship management, marketing, inventory management, sales management and e-commerce integration tools. The firm's cloud-based software and services are designed to support retailers in growing their sales figures.  

The firm opened US headquarters in San Francisco in 2011. 

People
Rory Stirling is a partner at MMC and worked on the deal alongside Charles Grimsdale, co-founder at Eden and a director of Brightpearl. 

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