Portuguese Venture Capital firm Bright Pixel Capital, the technology investment arm of the multinational group Sonae, invested U$ 15 M in Chord in order to expand its modern commerce infrastructure.
“At Bright Pixel Capital, our goal is to identify distinctive and industry-changing opportunities across industries like retail, cyber and digital infrastructure,” said Miguel Bagulho, Investment Director. He added that “Chord’s ability to uplift commerce brands with a unique product, backed by a top-tier management team, were the critical factors which led us to select it as our long-awaited investment in headless commerce.”
Chord is a Platform as a Service for modern commerce and the investment round was co-led by Bright Pixel Capital and existing investor Eclipse, with new investors GC1 Ventures, TechNexus Venture Collaborative and Anti Fund VC.
Source: https://www.portugalbusinessesnews.com/post/portuguese-vc-bright-pixel-invests-u-15-m-in-chord