Optoro

Optoro is a technology company that offers a superior end-to-end returns optimization solution that helps retailers process, manage, and sell their returned and excess inventory.

Optoro's software platform helps retailers optimize the management of returned and excess inventory in a more efficient and cost-effective way, maximizing recovery value, enabling consumers to get great deals, and reducing environmental waste.

Optoro was founded in 2010 by Tobin Moore and Adam Vitarello. The company is headquartered in Washington, District of Columbia.

 

Optoro's solution includes an online returns portal to make returns easy for customers, a data-driven returns management solution to improve processing and route returned goods from the first touch, and a reCommerce solution to sell returns across secondary channels.

 

Optoro's technology-powered returns solutions can decrease inefficiencies, maximize repurchases and recovery, and reduce environmental waste—allowing retailers to focus on forward fulfillment and offering the best customer experience.

 

Optoro’s returns technology platform helps top retailers such as American Eagle, Best Buy, Target, Staples, and IKEA turn returns into a strategic advantage by using data science and real-time decision-making automation to determine the best path for each returned item.

 

Optoro is backed by Kleiner Perkins, Franklin Templeton, Zebra Technologies Corporation, Generation Investment Management, UPS, Revolution Growth, Volta Circle, and others. The company raised $25M in new financing on Dec 22, 2021. This brings Optoro's total funding to $269.4M to date.

 

 

  • Year founded: 2010
  • Funding Info: $269.4M over 9 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: NA
  • City/Town: Washington
  • State: District Of Columbia
  • Country: United States
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