Optoro, which allows businesses to sell unwanted items, returned goods, and other excess inventory, raised $50 million this week. Optoro helps companies solve their asset recovery and inventory management problems by reselling unwanted and returned goods across multiple platforms, including eBay, Amazon, and BLINQ.com, Optoro's own platform.
Optoro's recent funding round was led by Kleiner Perkins Caufield & Byers’ Green Growth Fund, along with Revolution Growth, Grotech Ventures and SWaN & Legend Venture Partners. Another investor was Generation Investment Management, the London-based firm founded by Al Gore, which invested $10 million in Optoro this week.
Optoro and 5 Other Al Gore Investments
Using DataFox, we compiled a list of Al Gore investments by searching for companies with investments from Generation Investment Management.
Optoro provides the most comprehensive asset recovery solution for the distressed inventory of retailers, manufacturers, and third-party providers. Through Optoro's cutting-edge technology, online remarketing expertise, and full service fulfillment operation, Optoro offers our clients maximum recovery value with optimal velocity to sale and fully transparent reporting.
- Founded: 2004
- Location: Lanham, CA
- Total Funding: $82.9 million
- Recent Funding: $50 million in December 2014
- Investors: Revolution LLC; SWaN & Legend Venture Partners; Grotech Ventures; SWaN & Legend Venture Partners; Revolution LLC; Grotech Ventures
Nest Labs designs and manufactures sensor-driven, Wi-Fi-enables, self-learning, programmable thermostats and smoke detectors. Nest learns from your temperature adjustments, programs itself to keep you comfortable, and guides you to energy savings.
- Founded: 2010
- Location: Palo Alto, CA
- Total Funding: Acquired by Google for $3.2 billion in 2014
Terralux specializes in accelerating the adoption of LED-based solid-state lighting by applying Terralux's patented technologies in thermals, optics, and controls to a variety of applications by way of standard and custom portable devices, light engines, and embedded light modules.
- Founded: 2003
- Location: Boulder, CO
- Total Funding: $33.5 million
- Recent Funding: $3 million in July 2014
- Investors: Generation Investment Management; Access Venture Partners; Emerald Technology Ventures
Harvest enables communities to produce renewable energy and high-value soil, mulch and organic fertilizer products from organic materials. The company harnesses the full potential of organic materials by recycling energy and nutrients back into local communities through its energy gardens and its production of nutrient-rich soils, mulches and fertilizers. Harvest owns and operates facilities throughout North America in British Columbia, Ontario, California and throughout the Mid-Atlantic, Midwest states and Northeastern US.
- Founded: 2008
- Location: Waltham, MA
- Total Funding: $224.5 million
- Recent Funding: $20 million in October 2014
- Investors: Generation Investment Management; Industry Ventures; True North Venture Partners
GreenBytes delivers patented IO-Offload desktop virtualization solutions that maximize the effective performance and capacity of existing infrastructure to provide persistent, full-featured virtual desktops with the manageability, scalability and affordability required for cloud-scale VDI deployments.
- Founded: 2007
- Location: Providence, RI
- Total Funding: $42.5 million
- Recent Funding: $3.5 million in November 2013
- Investors: Battery Ventures; Generation Investment Management
Infinite Power Solutions, a U.S. based clean-technology company, develops, markets and manufactures solid-state, rechargeable thin-film micro-energy storage devices for a variety of micro-electronic applications. IPS has completed the build-out of its volume manufacturing facility dedicated to the production of its revolutionary thin-film micro-energy cell products, which are often referred to as thin-film batteries. IPS has recently commenced pre-production activities at this state-of-the-art facility to address growing demand among customers in the wireless sensor, active RFID, powered smart card, medical device, consumer electronics, automotive and military markets.