London/Nottingham-based integration platform Patchworks has raised £4 million in new capital provided by Gresham House Ventures in order to move things full speed ahead. Since its first funding round in August of 2021, the company has raised a total of £8.8 million.
According to the company, in 2022 Patchwork clients processed over 300 million transactions at an estimated £2 billion worth of orders. With the new growth capital in hand, the company intends to further enhance its offer, one that will now be under the direction of a new Chief Executive Officer, Jim Herbert. Herbert joins from his position as SVP and General Manager EMEA at publicly listed e-commerce SaaS provider BigCommerce.
If you haven’t been sleeping under a rock over the past few years, you’re well aware that the e-commerce market went from sizeable to OMG! seemingly overnight. There might be some global something or whatever that spurred this on, but, I’m so over it, so, you know, whatever.
Regardless, as everyone and their brother rushed to upgrade their systems and mechanisms, already somewhat complex IT infrastructures became holy whoa complex. Companies suddenly found themselves relying on dozens of different applications, and in so much, wires were crossed. Quite literally – data silos, fulfilment issues, and out-and-out system meltdowns at just the wrong moment.
Even if you don’t work in the e-commerce space, you can relate as the scenario sounds familiar even outside the realm.
This is precisely the challenge that Patchworks has been addressing since 2014, and today offers clients seamless integrations with just about any and every tool clients including Huel, Gymshark, Lounge Underwear, Castore, Cox & Cox, and Simba Sleep would ever need.
On the appointment of Herbert, Patchworks founder, and now-former CEO Dave Wiltshire commented, “As founder, I am delighted to have someone of Jim’s calibre joining us from January to take on the running of the business. I plan to spend more time developing stronger partnerships and new markets, to support our continued growth.”