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Patchworks raises £2m follow-on funding for ecommerce software

Patchworks
Image credit: Ground Picture / Shutterstock

Automated ecommerce management software startup Patchworks has raised £2m in a follow-on investment from Gresham House Ventures and senior shareholders.

Founded in 2014, Patchworks develops software that can be integrated into ecommerce systems such as shopfront, ERP and CRM.

Online shopping brands can use the tool to automate and manage the flow of data across the different tech systems within the business.

Customers of the company include meal replacement company Huel and exercise clothing brands Gymshark and Castore.

“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,” said Patchworks CEO Jim Herbert.

Gresham House Ventures contributed £1.75m to this round in the form of a convertible loan note, alongside additional support from senior shareholders.

Gresham House Ventures first backed Patchworks in 2021 and has since invested a total of £10.5m into the company.

“Our previous investments have supported Patchworks in broadening its product offering and expanding its client base, so 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,” said Grant Paul-Florence, director of investment at Gresham House Ventures.

Patchworks’ last funding round was in March 2023, when it raised £4m from Gresham House Ventures.

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