NuORDER Closes $15M Series C Financing To Grow B2B Platform

Funding Rounds

▤ Summary

NuORDER, which facilitates transactions between retailers and brands, has raised $15 million in a Series C funding round led by NewSpring Capital. The financing—which included participation from existing investors Upfront Ventures and The Argentum Group—brings NuORDER’s total capital raised to $40 million since its inception in 2011, according to the Los Angeles-based company. Skuza said that NuORDER has given brands in industries “a way to communicate and transact with wholesale buyers through a B2B e-commerce platform.” It claims to have replaced “outdated” processes such as printed catalogs and static spreadsheets with a SaaS platform that is accessible from anywhere on any computer or mobile device. NuORDER charges brands an annual fee based on the volume of their wholesale business, and its services are free to retailers. “We’re at a massive tipping point.” Recognizing a need to move quickly, NuORDER was able to hit a term sheet within 30 days of sending its first email announcing its intent to raise money, Skuza told Crunchbase News.

$ Funding

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Amount $15.0M Total raised
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Date December 5, 2018 Announcement date
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Investors NewSpring Capital Lead investors
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Company http://www.nuorder.com Funded company

▥ Classifications

industries
Manufacturing Industry
applications
Web and Content Management

◇ AskAI Classifications

Labels
B2B eCommerce Platform Wholesale Software SaaS

▦ Linked Companies