Oro raises $12m of growth funding from Highland Europe

Oro, a leading global provider of open-source business platforms focusing on CRM and B2B e-Commerce has today announced $12 million in funding from Highland Europe. Oro has been bootstrapped to date and this first investment will accelerate the development of Oro’s flagship products and help to further drive international expansion in sales, marketing and partner development

Since launch, Oro products have been downloaded over 100,000 times, with over 40,000 active installations and in excess of 18,000 enterprise users, making it one of the world’s fastest growing open-source application suites.  This success has been built with the help of thousands of developers from the open-source community actively enhancing the platform, as well as an ecosystem of partners who deliver complete solutions and key technology integrations to their customers.

Tony Zappala, a Partner at Highland Europe who will join Oro’s Board of Directors, commented, “At Highland Europe we look to back world class entrepreneurs and companies – at Oro we have found both. In the ever complex world of CRM, Oro have not only redefined the multichannel, but have emerged as a true market leader. We are thrilled to work with the team and believe we are well placed to support Oro in achieving their ambitious international and product development objectives.”