Patchworks raises £2m in Series A follow on funding from Gresham House Ventures to accelerate growth and platform innovation.
Gresham House Ventures backed the round to support product development and go to market scaling.
Patchworks provides an integration platform that connects modern retail systems to automate data flows and prevent operational silos. The company helps merchants link their ecommerce, warehouse, and finance software without lengthy implementation cycles.
Patchworks has secured £2m in a Series A follow on funding round from Gresham House Ventures alongside senior shareholders. The capital will be deployed to support platform innovation and scale go to market operations following a period of strong annual recurring revenue growth. This fresh injection of capital builds on previous backing from Gresham House Ventures in July 2021 as the company positions itself for expansion through 2024.
From the founder
"Coming off the back of a very strong year of financial growth and strategic transition under Jim's excellent leadership, we believe these additional strategic steps in taking further investment, and making key new appointments will position Patchworks for even stronger growth in 2024."
Simon Drane
Chairman at Patchworks
Investor perspective
"We are thrilled to continue supporting Patchworks on its growth journey. Jim's leadership has been instrumental in the company's success, and with this additional investment, we look forward to seeing Patchworks reach new heights in 2024."
Grant Paul-Florence
Investment Director, Gresham House Ventures
Use of funds
- 01Continue product development
- 02Accelerate go-to-market
Investors
Categories
About the company
Patchworks
Patchworks operates an integration platform for modern retail systems.