Optoro Signs Strategic Alliance with UPS and Closes $30 Million Funding

Optoro, the leading platform for returned and excess inventory, today announced that it has closed a $30 million Series D funding round. The round included participation from new investor and alliance partner UPS, as well as additional financing from existing investors Revolution Growth, Kleiner Perkins Caufield & Byers, Generation Investment Management, Tenfore Holdings, SWaN and Legend Venture Partners and the Maryland Venture Fund.

In connection with the investment, UPS and Optoro have also formed a strategic alliance, providing a one-stop shop solution for retailers and manufacturers to optimize the transportation and disposition of returned and excess inventory.

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