Joor, a New York – based wholesale platform and data exchange, closed a $16m Series C funding.
The round was led by ITOCHU (listed on the Tokyo Stock Exchange), with participation from existing investors Canaan Partners and Battery Ventures.
The company, which has raised $36m to date, intends to use the funds for ongoing product innovation for both brands and retailers and continue its global expansion into Asia. ITOCHU is now handling more than 150 US and European brands in the Japanese market. Through the partnership, Joor will be able to access ITOCHU’s brands and accelerate the entry of new overseas brands into Japan.
Led by Kristin Savilia, CEO, Joor is a global wholesale platform and data exchange, connecting brands and top retailers to eliminate time-consuming, error-prone manual processes to grow their businesses with order processing, assortment planning, and analytics.
Over 8,600 brands within 53 categories use Joor with their wholesale business, along with almost 200,000 retailers across 144 countries.
The company also has offices in Los Angeles, Philadelphia, Paris, London, Milan, Madrid and Melbourne.