Optoro was founded in 2010 by Adam Vitarello and Tobin Moore. When discussing the possibility of an IPO, CEO Moore said that the company "plans to keep investing in growth...If an IPO is the best way to do that at some point, we'll consider that for sure." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Optoro is a logistics company that helps businesses resell excess and returned merchandise. The company's flagship product, OptiTurn, allows warehouses to process and manage inventory. The company has appeared on Deloitte's annual Technology Fast 500 list five times. Optoro has raised $366 million in venture capital funding from investors including Franklin Templeton, Revolution Growth, Grotech Ventures, Generation Investment Management, and UPS Strategic Enterprise Fund. The company was last valued at $653 million.