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24 June 2010
Brightpearl secures $1.5m funding from Eden Ventures and Notion Capital
For global expansion of cloud computing solution for SMEs
The funding will allow Brightpearl to continue to advance rapidly its end-to-end platform which offers SMEs a fully integrated accounting, CRM, order and stock management, ecommerce, and helpdesk capability. Customers can use just one module or the whole platform, which is designed to integrate seamlessly with key Web services such as Gmail, Google Apps, MailChimp and many others. Brightpearl provides SMEs with a way to optimize their total business processes, generating significant time savings in management and administration.
“We were impressed by the quality of the Brightpearl product and by how easy it is to get started using it. Brightpearl hits the SMEs top need: reducing time spent on systems and admin, providing enormous and instant benefit to its customers,” comments Eden Ventures.
Founder and Head of Product for Brightpearl, Chris Tanner continues, “Our vision is that business owners should be able to focus their energies on running their businesses and not on integrating their information systems— when they add CRM to their accounts system or inventory management to their orders system, it should just work together as one seamless whole.“
Tanner, a serial entrepreneur, grew Bristol-based Brightpearl out of his first business, Lush Longboards, which he built from scratch into a leading manufacturer of skateboards. At Lush, Tanner experienced first-hand the challenge of running a small business with production and inventory while implementing and coordinating multiple different systems—CRM, accounts, and stock management. To solve the problem, Tanner created what became Brightpearl as an integrated platform for all aspects of a small business’ needs. He was joined in 2007 by co-founder Andrew Mulvenna, an experienced IT professional, who joined the team from Atos Origin.
According to Tanner, “This funding will allow us to continue to execute rapidly on our international vision, adding resources to enrich the product and to help us get the word out to more businesses. We’re excited to be working with the proven entrepreneurs at Eden and Notion to grow Brightpearl.”
“Brightpearl has the potential to take the market by storm. It offers a greatly simplified solution, integrating previously complicated and disparate technologies at the right price for small businesses to help them get up-and-running really quickly. And by taking advantage of cloud computing, it is opening to SMEs the technology benefits that were only previously available to larger companies due to economies of scale and the ubiquity of the internet, “comments Notion Capital.