Retail ERP platform provider, Brightpearl, has announced a £11 million funding round led by Cipio Partners and the appointment of a new Chairman.
Brightpearl CEO, Derek O’Carroll, says: “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.”
The new Chairman, meanwhile, is Maurice Helfgott, a former Marks & Spencer main board director and the founder of Amery Capital, an investment and advisory firm with a principal focus on retail and digital consumer businesses. As well as supporting Amery’s portfolio of companies including Oliver Sweeney, Goat, and Long Tall Sally, Helfgott is the Senior Independent Director of Moss Bros Group and NED at luxury street style brand END.Clothing.