Oro Raises $13M Strategic Growth Round to Revolutionize Digital Commerce
LOS ANGELES, Jan. 19, 2023 /PRNewswire/ -- Oro, Inc., the eCommerce leader behind OroCommerce, the No.1 open-source B2B digital commerce solution, today announced closing a $13 million strategic growth funding round led by private equity firm Zubr Capital, with participation from existing investor Highland Europe. The announcement comes as Oro celebrates its 10th year as a developer of industry-defining digital commerce applications, and affirms its commitment to evolving its offerings and expanding into new markets.
- The announcement comes as Oro celebrates its 10th year as a developer of industry-defining digital commerce applications, and affirms its commitment to evolving its offerings and expanding into new markets.
- The strategic fundraising round comes more than six years after Oro's previous funding round, highlighting the company's capital-efficient operations and consistent revenue growth.
- In recent months Oro has received a slew of industry honors, including being recognized as a top B2B Commerce leader in both Gartner's 2021 and 2022 Critical Capabilities for Digital Commerce Platforms reports.
- Oro also held the inaugural Oro Brilliance Awards last year, recognizing top brands for growth, innovation, and customer satisfaction, and this month staged the OroVibe conference in Paris, cementing the company's position as a pacesetter for global digital commerce.