Patchworks has raised £5 million to push deeper into North America and bring new AI tools to its retail integration platform as it targets its next stage of growth.

The Nottingham-based company connects retail systems that often fail to talk to one another.

This helps brands to avoid the kind of data chaos that has historically caused stock errors, late deliveries and lost sales.

The new funding round, led by Gresham House Ventures with growth lending from Palatine Growth Credit, follows a 41% year-on-year rise in recurring revenue.