We first backed this business in 2014, leading a round alongside Notion and Eden, and have supported the business over five funding rounds since, co-investing with Cipio, Verdane, and of course, Sage, along the way.
MMC’s first investment took place in the context of a retail industry still shifting towards online and digital experiences, generating increasing complexity for retailers. In particular, smaller and mid-market retailers had few options for navigating the increasing consumer demand for online/offline journeys and slick digital experiences which we now take for granted.
Brightpearl offered the solution and we have been proud to support its continued and relentless focus on product that has resulted in a highly scalable, flexible product that is best of breed in its category.
We’re also proud to have played our part in bringing the brilliant Derek O’Carroll and Maurice Helfgott into the business. Derek has done a fantastic job leading the business as CEO since 2016 and Maurice has brought his 20 years of retail experience from the likes of M&S, Moss Bros to his role as chairman since 2018.
MMC partner, Ollie Richards, had this to say of the acquisition:
We couldn’t be happier for Derek and the whole Brightpearl team and we look forward to watching them prosper within Sage.
Read more on the deal via the Sage website.