Optoro, Inc., a Washington, DC-based technology company enabling retailers and manufacturers to increase revenue from returned and excess inventory, closed additional Series B funding with SWaN & Legend Venture Partners.
The amount of the deal was not disclosed. In conjunction with the funding, Tony Nader, Vice Chairman of NEWAsurion and Managing Director at SWaN & Legend Venture Partners, will join Optoro’s Board of Advisors.
The company intends to use the funds to scale its solutions.
Founded in 2008 and led by CEO Tobin Moore, Optoro provides retailers and manufacturers with cloud-based, multi-channel selling technology, online remarketing expertise, and full suite of business intelligence tools for managing and selling their returned and excess inventory.
16/01/2013: Optoro Closes $7.5M Series A-1 Venture Funding