Thursday, February 22, 2024
HomeFunding London-based Patchworks Secures £2 Million in Funding

[Funding alert] London-based Patchworks Secures £2 Million in Funding

London-based Patchworks secures £2 million in funding for its coffers will provide the company even more fuel to drive innovation, the delivery of new features, and ambitions for worldwide expansion.

London-based Patchworks secures £2 million in funding for its coffers will provide the company even more fuel to drive innovation, the delivery of new features, and ambitions for worldwide expansion.

Existing and until to this point lone sponsor Gresham House Ventures contributed £1.75 million of the £2 million financing in the form of a convertible loan note. Gresham House Ventures has contributed £10.5 million to Patchworks since the middle of 2021.

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In order to help clients like Huel, Gymshark, Lounge Pants, Castore, Cox & Cox, and Simba Sleep connect various systems like shopfront, ERP, CRM, and warehouse management tools, Patchworks was founded in 2014 and now provides a range of e-commerce industry integrations and services. This helps clients ultimately streamline their technology stack and overall operations.

The business claims that over 300 million transactions totaling an estimated £2 billion in orders were processed by Patchwork clients in 2022.

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CEO Jim Herbert commented: “Our relationship with Gresham House Ventures has already played a significant role in driving our recent success. This latest investment positions Patchworks for even stronger growth in 2024, with our platform becoming increasingly established as the most effective solution on the market to seamlessly integrate complex systems with minimal effort.”

About Patchworks

One supplier of integration is Patchworks. Their platform links your essential company programmes, including ERP, 3PL, warehouse software, e-commerce, and everything in between. It is robust and user-friendly.

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Patchworks frees you from the burden of manual data entry by automating the flow of data throughout your company, allowing you to grow without overburdening your operations.

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