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Chloe Shakesby

Newcastle software specialist invests £17m in digital operations platform

A Newcastle software company has announced that it has led a multi-million pound funding round for a digital operations platform.

Sage has invested £17m in digital operations platform Brightpearl, leading a £25m Series C funding round.

The rest of the funding round was made up of contributions from existing shareholders including Cipio Partners, Notion Capital and Verdane.

Lee Perkins, chief operations officer at Sage, commented: “As retail businesses from across the globe recover from the impact of Covid-19, trading online has gone from being a ‘nice-to-have’ to a ‘must-have’ for retailers.

“Digitising back office operations is a critical step towards transitioning to online commerce – and through investing in high growth, cloud solutions like Brightpearl, we are committed to supporting our customers to not only make that switch quickly and easily, but to also grow and compete.”

Derek O’Carroll, Brightpearl’s chief executive, added: “Brightpearl’s solution brings significant benefits by automating retail processes so global merchants can save time and deliver outstanding and rapid end-to-end customer experiences.

“This investment will allow us to expand the platform and provide even better service, increase our product innovation and our fabulous team globally.”

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