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Brightpearl revenue is $30 million

Brightpearl is worth $360 million valuation

Brightpearl team size is 160 employees


How did Latka collect this data?

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Latka collected this data by interviewing Brightpearl CEO DerekMark O'CarrollCarrollHook on 04/13/2022

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Brightpearl

625-Market Street San Francisco, California, United States

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How Brightpearl hit $30M Revenue with 1K customers in 2022.

Brightpearl is the omnichannel retail management system that puts your orders, inventory, financials, POS and CRM in one place..Brightpearl.Retail Operating System for Merchants

Founded

2008

Founded

Revenue

$30M

2022 Revenue

YOY
-----

YOY

Funding

$389.3M

Funding


Brightpearl Revenue

In 2022, Brightpearl revenue run rate hit $30M in revenue.

  • 2021

    Brightpearl hit $30M in revenue in 2021

  • 2020

    Brightpearl hit $18M in revenue in 2020

  • 2019

    Brightpearl hit $12M in revenue in 2019

  • 2018

    Brightpearl hit $11.3M in revenue in 2018

  • 2016

    Brightpearl hit $8M in revenue in 2016

  • 2008

    Brightpearl launched in 2008 with $0 revenue

42.00% ▲6.00% ▲50.00% ▲67.00% ▲$8M$11.3M$12M$18M$30M

Brightpearl Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 2021 Acquired

    Brightpearl raised a Acquired of $300M at a $360M valuation in October 2021

  • 2020 Series C

    Brightpearl raised a Series C of $34.8M at a $160M valuation in December 2020

  • 2018 Venture Round

    Brightpearl raised a Venture Round of $15M

  • 2016 Series C

    Brightpearl raised a Series C of $4M at a $8.3M valuation in December 2016

  • 2016 Series C

    Brightpearl raised a Series C of $11M

  • 2014 Venture Round

    Brightpearl raised a Venture Round of $10M

  • 2013 Series B

    Brightpearl raised a Series B of $8M

  • 2011 Series A

    Brightpearl raised a Series A of $5M

  • 2010 Angel Round

    Brightpearl raised a Angel Round of $1.5M

FUNDING DATEROUNDAMOUNTVALUATION
10/03/2021 Acquired $300M $360M
12/23/2020 Series C $34.8M $160M
07/20/2018 Venture Round $15M
12/14/2016 Series C $4M $8.3M
01/19/2016 Series C $11M
04/28/2014 Venture Round $10M
05/21/2013 Series B $8M
05/25/2011 Series A $5M
07/24/2010 Angel Round $1.5M

Team

Brightpearl has 160 total employees and 28 sales reps that carry a quota. They have 1400 customers an engineering team of 26 and a marketing team of 7

201820192020202138▲-4▼44▲
DISTRIBUTIONQTY
Total team size
160
Engineer
26(16%)
Sales
28(18%)
Marketing
7(4%)

CEO/Founder

DerekMark O'CarrollCarrollHook

Derek has been Brightpearl’s CEO and a member of the board since May 2016 and is responsible for the overall company strategy and delivering on Brightpearl’s mission to enable intelligent retail. Before joining Brightpearl, Derek served as Senior Vice President of Field Sales and Marketing at Norton, responsible for $1.7bn of revenue globally. Since Derek became CEO of Brightpearl, his drive, vision and leadership has seen Brightpearl go from strength to strength. The company has seen significant growth in its core customer base, cementing its position as an invaluable asset for mid-sized merchants seeking a competitive edge.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. Derek O'Carroll is CEO of Austin-based retail back-office software provider Brightpearl. Derek's remarkable six year turnaround of Brightpearl is now complete. He turned it from a loss-making business valued at just $8 million into a $360 million acquisition by software giant Sage. He did it, in his words, by taking staff through the Valley of Death and upping the charges of some low paying clients from $6,000 a month to $140,000!

Q&A

What`s your age?

53

Favorite online tool?

Microsoft Teams

Favorite book?

Breathe

Favorite CEO?

Frank Slootman

Advice for 20 year old self

Don't arty so hard


Customers

Brightpearl has 1K customers.

Lifetime Months

93

x

Monthly ARPU

$1K

=

Lifetime Dollar

$95.6K

Acquisition Cost

$27K

Average Annual Price

$12.4K

$0$12.4K26 month payback period02468101214161820222426
$0$12.4K26 month payback period02468101214161820222426

Churn

Brightpearl has an annual churn rate of 13.00%.

-100-500%50100

Gross Annual Dollar Churn

-13.00%

Annual Dollar Expansion

15.00%

Net Revenue Retention

102.00%


About Brightpearl

Monthly Revenue

$2.5M

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

66.67%

=

Rule of 40

67


Brightpearl Board of Directors

NamePosition

Brightpearl Executives

Brightpearl Employees


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 DerekMark O'CarrollCarrollHook.

How much funding does Brightpearl have?

Brightpearl was raised $389.3M.

How many employees does Brightpearl have?

Brightpearl has raised 160 employees.

Where is Brightpearl headquarters?

Brightpearl headquater is at United States