Oro Raises $13M in Growth Funding
Summary
Oro, Inc., a Los Angeles, CA-based provider of an open-source B2B digital commerce solution, raised $13M in Growth funding. The round was led by Zubr Capital, with participation from Highland Europe. • OroCommerce, the B2B eCommerce platform purpose-built for manufacturers, distributors, wholesalers and brands; • OroMarketplace, the analyst-recognized marketplace management platform for all business use cases; The company has seen a sales volume increase across its platforms since 2021, reaching over $2.3 billion in total sales, and supporting over 3 million transactions in 2022. Founders previously founded Magento and have deep experience in the eCommerce industry. They include Yoav Kutner, CEO; Dima Soroka, Chief Technology Officer; and Roy Rubin, director of Oro’s advisory board.
Funding
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