Oro, a San Francisco, CA-based provider of an enterprise software platform that helps orchestrate end-to-end procurement across teams, raised $25M in Series A funding.
The round was led by Norwest Venture Partners and B Capital, with participation from XYZ Venture Capital, and Array Ventures.
The company intends to use the funds for hiring across all roles to accelerate delivery and deployment of its recently announced Smart Procurement Workflows.
Co-founded by Sudhir Bhojwani, Lalitha Rajagopalan, and Yuan Tung, Oro provides a procurement automation platform that improves traditional procurement operations by taming the chaotic enterprise spend on business-critical purchases and supplier engagements. Its smart procurement workflows help organizations increase business agility by making it easy for employees to start, manage and build supplier relationships. The Smart Procurement Workflows are already deployed with mid-market and enterprise customers, including Optimizely, Iovance Biotherapeutics and others.
The adaptable, composable workflows in ORO deliver agility and transparency to:
- Provide a procurement front-end for business users.
- Bring clarity and visibility into the end-to-end process for all stakeholders.
- Reduce the time and manual effort to onboard and work with suppliers.
- Give budget owners and finance view into up-to-date spend pipeline and commitments.
- Scale operations to meet legal, compliance, finance and regulatory requirements.
FinSMEs
03/11/2022