LANHAM, MD, According to SEC filings, Optoro Inc., an asset recovery platform for retailers and manufacturers, has closed a $3 million offering, raising the amount from 16 investors.

Optoro's mission is to provide the most comprehensive asset recovery solution for the distressed inventory of retailers, manufacturers, and 3rd party providers. Through the firm's cutting-edge technology, online remarketing expertise, and full service fulfillment operation, Optoro offers clients maximum recovery value with optimal velocity to sale and fully transparent reporting.

Optoro was founded in 2004 to remarket the idle assets of businesses by leveraging the incredible buying power of millions of online shoppers. Responding to the needs of our growing client base, Optoro has evolved from exclusively an eBay reseller to an industry-leader in multi-channel online asset recovery with proprietary software and remarketing algorithms. Currently, Optoro provides our scalable solutions to clients ranging from mid-sized online retailers to large publicly-traded manufacturers.