SHOPBLOCKS, a British -based digital commerce startup, has changed its brand to Symphony Commermerce to secure 2 million pounds. This investment is a part of the Northern Power House Investment Fund II (NPIF II), from NPIF II -Mercian Equity Finance managed by Mercia Ventures, Mercia EIS funds, Grator Manchester Convolvivity (GMCA), and private investment. It is from the house.
This funding round promotes the expansion of Symphony Commerce to the global B2B enterprise market and provides a series of new features for wholesalers, distributors and manufacturers. With this platform, companies can create electronic business sites, customer portals, and product catalogs, facilitate large -scale transaction processing, and manage complex price setting models. It is integrated with ERP, finance, and marketing software, and companies provide ways to synchronize operations without extra effort.
The company, established by Kevin Jones and Stewart Reynolds in 2015, has now provided services to more than 2,000 customers, including Toshiba, Giacom, Daisy Telecom, and Tower Housewares. Over the past 18 months, the annual repetitive revenue (ARR) has almost doubled, to £ 1.4 million, and the number has been set tripled within the next three years. In the latest round, the total funds are £ 6 million, and Symphony Commermerce provides resources to further push into the enterprise B2B space.
Kevin Jones, the founder and the highest technical manager, stated:
“Symphony Commermerce guarantees that clients can exceed competition with sensitive iLity and accuracy and continue to be the leader of the industry. This investment will scaling faster and expanding the team. You can provide a good customer experience.
Mercia Ventures has been supporting the company since 2023, and the company Robert Hornby has regarded a business that solves the issues that can not do most e -commerce platforms.
“Symphony Commermerce has solved many complex issues for B2B companies that cannot deal with other platforms. As a result, the B2B sector customer base is rapidly built and the possibility of becoming a leader in that field. We believe that new brands and fresh investments are in place.
Support from Northern Power House Investment Fund II
Northern Power House Investment Fund II focuses on the support of business in northern England and offers a loan of £ 25,000 and up to £ 5 million. The goal is to promote innovation and economic growth by making it possible to access the initial companies, otherwise accessing funds that may be safe.
Legal support for the transaction came from Hildicinson for Symphony Commerce, but Brown Jay Cobson advised Mercia Ventures, and Word Hadaway represented GMCA.
With fresh funding and new identity, Symphony Commermerce has grown greatly in B2B e -commerce. Now, it’s all about execution.
Source link
