The online marketplace raised the capital to recruit more customers and scale its vendor platform globally.
"Envestors members immediately saw the opportunity of applying a successful distribution channel to a high-margin sector lacking a dedicated jewellery marketplace."
Sussex Place Ventures has backed the professional services automation provider in an equity financing round.
"We were really pleased to work with Sussex Place Ventures on their latest investment, which will be invaluable in helping Kimble Applications realise their ambitious growth plans. We are seeing a lot of interest from investors in SaaS platforms that can drive efficiencies in industries such as financial and professional services, and we wish the Kimble team every success as they seek to scale the business further."
The Series B round features participation from Amadeus Capital Partners and Octopus Investments.
"We have had significant success in the U.S. market to date, and we are confident that now it’s the right time to scale up our team and operations domestically, in order to solidify our leadership position,"