In a significant boost for the tech sector, Patchworks, an automated ecommerce management software startup, has successfully secured £2 million in additional funding. This investment comes from Gresham House Ventures, a key player in the investment community, along with substantial contributions from senior shareholders.

Patchworks, established in 2014, is renowned for creating innovative software that enhances ecommerce systems, including shopfront, ERP, and CRM integrations. This cutting-edge technology allows online shopping brands to effortlessly automate and manage data flow across various technical systems within their business, streamlining operations significantly.

The company has already attracted an impressive roster of clients, such as the meal replacement giant Huel, and popular exercise clothing brands Gymshark and Castore. This diverse customer base highlights the software's versatility and effectiveness in different market segments.

Jim Herbert, the CEO of Patchworks, expressed his enthusiasm about the new funding. He stated, "This latest investment positions Patchworks for even stronger growth in 2024. Our platform is becoming increasingly recognized as the most effective solution on the market for seamlessly integrating complex systems with minimal effort."

The investment from Gresham House Ventures, amounting to £1.75 million in the form of a convertible loan note, marks a continued commitment to Patchworks. Gresham House Ventures first invested in the company in 2021 and has since injected a total of £10.5 million, reflecting their confidence in Patchworks' potential and growth trajectory.

Grant Paul-Florence, the Investment Director at Gresham House Ventures, shared his thoughts on the partnership's progress. "Our previous investments have supported Patchworks in broadening its product offering and expanding its client base. We are excited to see the business go from strength to strength with this additional funding as it develops its software platform further this year."

The latest funding round follows a successful £4 million investment in March 2023, also led by Gresham House Ventures. This consistent financial backing underscores the market's faith in Patchworks' innovative solutions and its role in transforming the ecommerce landscape.

Sources: https://www.google.com/url?rct=j&sa=t&url=https://www.uktech.news/ecommerce/patchworks-2m-follow-on-ecommerce-20240109&ct=ga&cd=CAIyGmJkYTg4Mzc4ZWQwMWM4ZDQ6Y29tOmVuOlVT&usg=AOvVaw0QWK2joEjRDF4XtN95LlwC