Sage led the £25m Series C round with a £17m investment and a new commercial partnership.
"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"
The seed round was led by Mercia through the Northern Powerhouse Investment Fund to support platform enhancements and team growth.
"There has been growing recognition amongst businesses of the importance of employee health and wellbeing and the pandemic has brought this into even sharper focus. As we move into 2021, monitoring, measuring and having the ability to respond to the needs of employees will be critical as we transition back to work."
The pre-seed round was backed by angel investors including Martin McCourt and Charlo Carabott.
"There is undoubtedly growing interest amongst phone owners in exchanging their used handset for a replacement that is also used, but in great condition. The challenge would-be ‘swappers’ have is the hassle they face in executing the transaction, and the chance that they will receive a poor trade-in deal and maybe a substandard product. Reboxed changes all of that with a fresh, easy to use platform that offers swappers a great deal and a fab service, second to none"
