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Oro Raises $25 Million In Series A Funding To Reimagine Procurement

Nov 03, 2022•almost 3 years ago

Amount Raised

$25 Million

Round Type

series a

Los AngelesCrmB2bMarketplaceE CommerceSaas

Description

ORO, a modern enterprise software platform that helps orchestrate end-to-end procurement across teams, today announced $25 million in Series A funding co-led by Norwest Venture Partners and B Capital, with participation from XYZ Venture Capital and additional funding from Array Ventures and other investors. ORO was founded by three former product leaders at SAP Ariba to bridge the disconnect between the modern enterprise’s need for agile, decentralized purchasing and the requirement for controls and compliance checks. The funding will be used for hiring across all roles to accelerate delivery and deployment of the company’s recently announced Smart Procurement Workflows.

Company Information

Company

ORO

Location

Los Angeles, California, United States

About

OroCommerce is the leading cloud-based B2B digital commerce platform, fueling digital transformation for manufacturers, distributors, and wholesalers. The solution facilitates launching multiple websites and portals for different brands, business models, territories, and core models. OroCommerce has unique capabilities including OroCommerce CRM, the industry's most flexible multi-channel CRM module, and OroCommerce Marketplace, the analyst-recognized marketplace management module for all business use cases.

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