Shopblocks Rebrands and Secures £2M for B2B Growth

Symphony Commerce, formerly known as Shopblocks, has raised £2 million in funding to aid its expansion into the global business-to-business (B2B) enterprise market. This Stockport-based company is supported by NPIF II, Mercia Equity Finance, managed by Mercia Ventures, and other entities including the Greater Manchester Combined Authority and private investors. Symphony Commerce aims to fill a niche in the market by providing a platform that supports wholesalers, distributors, and manufacturers with extensive and intricate B2B operations. The platform's features allow for the creation of customized eCommerce sites, handling of complex pricing strategies, and integration with major ERP, finance, and marketing software, thus allowing businesses to streamline their operations. Founded in 2015, Symphony Commerce serves over 2,000 customers and reports a near doubling of their annual recurring revenue to £1.4 million over the past year and a half, with ambitions to triple this in three years. The latest financing rounds up its total funding to £6 million, enabling further platform enhancement and global market penetration. Kevin Jones, founder and CTO, emphasized the strategic agility the investment brings, allowing the firm to outpace competitors. Mercia Ventures has reiterated its belief in Symphony's unique market offerings and growth potential, laying down a strong foundation for future leadership in the B2B eCommerce sector.