Optoro Raises $7.5 Million of Series A Funding

  • Posted By:
  • 0 Comments... What do you have to say?

Optoro

A Round: $7,500,000

Founded: 2004
Industry: Advertising Networks

More Here

Lanham, Maryland – Optoro, an inventory system providers which focuses on asset recovery for retailers, manufacturers and resellers has raised $7.5 million of series A funding led by Grotech Ventures. The investment was also backed by existing investors SJF Ventures and QED Investors.

The market is demanding more liberal return policies, which is changing the economics for retailers,” said Lawson DeVries, a general partner at Grotech Ventures and new Optoro board member. ”

The new funding will be used to accelerate the company’s growth and also to gather more customers with their flagship product OptiTurn. The new fund will also be used to develop Optoro’s own ecommerce site blinq.com.

 
Funding

Funding Total: $7,500,000

Round Date Amount Pre Amount Post Amount
A 01/2013 $7,500,000
Investors: Grotech Ventures, SJF Ventures, QED Investors

See all fundings here

 
Founders

See an Error? Contact Us

Comments are closed.

venture capital update google plus page Get updates on Google Plus
venture capital update on facebook Get updates on Facebook
venture capital update on twitter Follow fundings on Twitter
venture capital update on pinterest Visit our Pinterest Page








Subscribe here
TwitterCounter for @longest

Follow here



Venture Capital News


Directories


Site Information

    About: I work at Phase One Accelerators and you can find me on and at Brian Longest on LinkedIn.

    Share Us on