Brightpearl revenue hit $30M in 2023
Brightpearl generates revenue from 1400 customers
How did Latka collect this data?
Latka collected this data by interviewing Brightpearl CEO Derek O'Carroll on Apr 13, 2022
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Brightpearl
625-Market Street, San Francisco, California, 94105, United States
How Brightpearl hit $30M revenue and 1.4K customers in 2021.
Brightpearl is owned by a privately held company called Brightpearl Holdings Ltd. Brightpearl provides a cloud-based retail operations platform that helps retailers automate and streamline their back-office operations. Its platform includes a range of tools and features for inventory management, order processing, financial management, and customer relationship management (CRM), all designed to help retailers manage their operations more efficiently and effectively. Brightpearl's mission is to empower retailers to focus on growing their businesses by providing them with the tools they need to manage their operations seamlessly. The company serves clients across various industries, including fashion, home goods, and electronics.
2008
Founded
$30M
2021 Revenue
YOY
$389.3M
Funding
Brightpearl Revenue
In 2021, Brightpearl revenue run rate hit $30M in revenue.
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2021
Brightpearl hit $30M in revenue in 2021
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2020
Brightpearl hit $18M in revenue in 2020
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2019
Brightpearl hit $12M in revenue in 2019
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2018
Brightpearl hit $11.3M in revenue in 2018
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2016
Brightpearl hit $8M in revenue in 2016
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2008
Brightpearl launched in 2008 with $0 revenue
Brightpearl Funding History
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2021 Acquired
Brightpearl raised a Acquired of $300M at a $360M valuation in October, 2021
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2020 Series C
Brightpearl raised a Series C of $34.8M at a $160M valuation in December, 2020
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2018 Venture Round
Brightpearl raised a Venture Round of $15M in July, 2018
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2016 Series C
Brightpearl raised a Series C of $4M at a $8.3M valuation in December, 2016
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2016 Series C
Brightpearl raised a Series C of $11M in January, 2016
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2014 Venture Round
Brightpearl raised a Venture Round of $10M in April, 2014
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2013 Series B
Brightpearl raised a Series B of $8M in May, 2013
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2011 Series A
Brightpearl raised a Series A of $5M in May, 2011
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2010 Angel Round
Brightpearl raised a Angel Round of $1.5M in July, 2010
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| October, 03 2021 | Acquired | $300M | $360M |
| December, 23 2020 | Series C | $34.8M | $160M |
| July, 20 2018 | Venture Round | $15M | - |
| December, 14 2016 | Series C | $4M | $8.3M |
| January, 19 2016 | Series C | $11M | - |
| April, 28 2014 | Venture Round | $10M | - |
| May, 21 2013 | Series B | $8M | - |
| May, 25 2011 | Series A | $5M | - |
| July, 24 2010 | Angel Round | $1.5M | - |
Team
Brightpearl has 160 total employees and 28 sales reps that carry a quota. They have 1,400 customers an engineering team of 26 and a marketing team of 7.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 160 |
| Engineer | 26(16%) |
| Sales | 28(18%) |
| Marketing | 7(4%) |
Founder / CEO
Derek O'Carroll
When Derek O'Carroll joined Brightpearl three years ago, he took on the biggest risk any CEO can take - a turnaround. Since taking the helm as CEO, Derek has led the retail operations platform from stagnant growth to more than $12 million in revenue, nearly 1,400 customers worldwide, and managing more than $3 billion in orders. Shortlisted for CEO of the Year at the Digital Masters Awards in 2018, the father-of-two is now recognized globally as a retail expert. In the 90s, Derek left his career in chemistry to found Ireland's first online advertising agency and he never looked back. After some painful lessons learned during a market crash that took his business from $9 million in revenue to $900K almost overnight, he moved on to leading Symantec as Senior VP of Norton in EMEA. At Symantec, Derek was responsible $1.7 billion of revenues and 200+ employees globally. There, he learned about value-based management from Jack Welch's protégé Steve Bennett. Derek has taken all of the leadership lessons and playbooks he's learned to date to take Brightpearl to an unprecedented growth rate and an increase in average deal size by 500%. His specialties include building exceptional teams and creating winning environments, simple messaging, zero ambiguity, and training for excellence.
Q&A
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Advice for 20 year old self
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Customers
Brightpearl has 1.4K customers.
Lifetime Months
92
x
Monthly ARPU
$1.8K
=
Lifetime Dollar
$95.6K
Acquisition Cost
$27K
Average Annual Price
$21.4K
Churn
Brightpearl has an annual churn rate of 13%.
Gross Annual Dollar Churn
-13%
Annual Dollar Expansion
15%
Net Revenue Retention
102%
Brightpearl Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Derek O'Carroll | CEO | derekocarroll@brightpearl.com | - |
Brightpearl Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Derek O'Carroll | CEO | derekocarroll@brightpearl.com | - |
| Chris Tottman | Investor | - | - |
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Frequently Asked Questions about Brightpearl
When was Brightpearl founded?
Brightpearl was founded in 2008.
How much revenue does Brightpearl generate?
Brightpearl generates $30M in revenue.
Who is the CEO of Brightpearl?
The CEO of Brightpearl is Derek O'Carroll.
How much funding does Brightpearl have?
Brightpearl raised $389.3M.
How many employees does Brightpearl have?
Brightpearl has 160 employees.
Where is Brightpearl headquarters?
Brightpearl is headquartered at 625-Market Street, San Francisco, California, 94105, United States
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