Optoro Raises $50 Million from CDVCA Member SJF Ventures and Kleiner Perkins

Optoro Inc., a cloud-based technology company that enables retailers and manufacturers to increase their revenue from returned and excess inventory, today announced that it has closed a $50 million Series C funding. The funding round was led by Kleiner Perkins Caufield & Byers (KPCB) joined by Generation Investment Management (Generation) with participation from existing investors Revolution Growth, Grotech Ventures and SWaN & Legend Venture Partners. KPCB Partner Daniel Oros will join the board.

Optoro Inc. is a portfolio company of SJF Ventures II, an investee fund of CDVCA’s Central Fund Fund-of-Funds portfolio. 

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