Verdane closes portfolio deal with UK-based technology fund Eden Ventures
LONDON/OSLO — Verdane Capital X (“Verdane”), the Northern European specialist growth equity investor, has closed its first portfolio investment in the UK with Eden Ventures by acquiring their minority stakes in eight companies. Among the holdings was Brightpearl, a company offering a market leading operations platform for retailers, wholesalers and brands.
”We are happy to announce our first portfolio deal in the UK and we look forward to actively support our new holdings in their next stage of growth,” says Emanuel Johnsson, Partner at Verdane and based in London, UK.
Brightpearl’s SaaS solution automates the back office so merchants can focus on growing their business. Since 2007, the company has grown into a market leading position with over 850 client businesses in 26 countries using its platform. Put together, Brightpearl’s clients manage over 18 million orders and USD 3 billion of business a year.
Verdane continues to actively source UK-based portfolios of tech-enabled businesses in growth sectors of the economy. Its current portfolio holds 22 software and 19 consumer internet companies, including Analyste, EasyPark, inRiver, HappyOrNot, momox, RoyalDesign Group, Scanmarket, and TalenTech.
The parties have agreed not to disclose the terms of the transaction.
Verdane is a specialist growth equity investment firm that partners with ambitious Northern European tech-enabled businesses to help them reach the next stage of international growth. Verdane pioneered portfolio acquisitions in Northern Europe in 2003, and debuted a complementary direct investment strategy in 2018. Verdane’s eight funds hold €1.8bn in total commitments and have made over 120 investments in growth sectors including advanced industry, consumer internet, enterprise software, energy & resource efficiency and financial services. Verdane’s more than 50 employees, based in Berlin, Copenhagen, Helsinki, London, Oslo and Stockholm, are dedicated to being the best growth partner in Northern Europe. www.verdane.com
Brightpearl is a retail operations platform for retailers and wholesalers. Our mission is clear: automate the back office so merchants can spend their time and money growing the business.
Brightpearl’s complete back-office solution includes financial management, inventory and sales order management, purchasing and supplier management, CRM, fulfillment, warehouse and logistics. In addition, the solution has high-performing connectors to the major ecommerce platforms, including Magento, BigCommerce and Shopify. Over 850 businesses in 26 countries use our platform. We manage over 18m orders and $3bn of business a year.
Brightpearl is designed for retailers and wholesalers and enables omnichannel merchants to manage the heart of their business easily from one single system. Our team guides retail businesses through a highly efficient implementation process which typically gets them up and running in less than 60 days – twice as fast as our competitors.
Brightpearl’s global headquarters is in Bristol, UK and its US headquarters is in Austin. www.brightpearl.com