The exact amount of the deal was not disclosed. In conjunction with the funding, Mike Quinn of Foresight will join S4RB’s Board as Investor Director.
The company intends to use the funds to expand into national and international markets, develop its software solutions and grow its current 30-strong team.
Founded in 2006, S4RB provides a cloud software platform for retailers to evolve their private label brand products by providing an insight into product performance, and introducing collaboration with suppliers around product quality, innovation, incident management and brand initiatives.
Clients include Asda, Musgrave Group, Safeway, Waitrose, Walgreens Boots Alliance and Walmart.