Gresham House Ventures has made a follow-on investment of 拢1.75 million into Patchworks, a software company helping eCommerce businesses automate and manage data flows across complex IT systems.
The investment, in the form of a convertible loan note, is Gresham House Ventures鈥� fourth in Patchworks and forms part of a 拢2m round which will fund global expansion.
It takes Gresham House Ventures鈥� total investment in the business to 拢10.5m since its first injection of capital in July 2021.
Patchworks offers software that connects key eCommerce systems including shopfront, ERP, CRM and warehouse management, enabling businesses to streamline the integration of their technology stack.
Its software is used by leading eCommerce businesses including Huel, Gymshark and Lounge Underwear.
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鈥淥ur relationship with Gresham House Ventures has already played a significant role in driving our recent success,鈥� said Jim Herbert, CEO at Patchworks.
鈥淭his 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.鈥�
Grant Paul-Florence, director of investment at Gresham House Ventures, added: 鈥淲e have continued to be impressed by Patchworks鈥� management team and the business鈥檚 sustained growth in recent years.聽
鈥淥ur 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.鈥�