Optoro Raises $75M, Plans Hiring

D.C.–based Optoro announced the close of a $75 million funding round this week, as it looks to further expand use of its technology that helps retailers put returned items back into commerce.

The round was led by Franklin Templeton, and included participation from Revolution Growth, Generation Investment Management, and Tenfore Holdings, among others, according to the company.

Eight-year-old Optoro’s platform uses data analytics help brands determine the best way to sell off excess inventory. The company lists Target, Jet and Staples as clients, among others.

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