Optoro Increases Its Pot of Funds
DC-based Optoro received a $40M debt financing commitment from TriplePoint Venture Growth BDC Corp., a non-bank debt provider, and Square 1 Bank. The money brings Optoro’s total amount of outside funding raised to over $100M. CEO and co-founder Tobin Moore (above) says the additional money will help the company, which sells a platform for retailers to manage returned and excess inventory, scale its operations and technology. Optoro, launched in 2008, raised a $50M Series C round in December.