We are pleased to announce we have just closed $12 million in funding from Highland Europe. This is an exciting moment in our company history and a new chapter in our story. Our high growth to date has been completely organic. This new investment will allow us to accelerate even more the development of our flagship products, OroCRM and OroCommerce. We will also use this infusion of capital to drive rapid expansion of our sales, marketing and partner development.
Since OroCRM’s launch in 2014, our products have been downloaded over 100,000 times, with over 40,000 active installations and 18,000+ active enterprise users. We could never alone take credit for the amazing growth we have seen. This success has been built only with the help of thousands of developers from our open-source community actively enhancing the platform, an ecosystem of partners who deliver complete solutions to their customers, and technology partners who believe in the integrations they have built with our team.
We continued to add to our growth when we announced OroCommerce, which will redefine the benchmarks for best-in-class customer experience driven B2B eCommerce. This product will revolutionize the underserved B2B world and, like OroCRM, will only reach its full potential with the strength of a growing ecosystem of community members, developers and partners.
“We are incredibly excited to partner with Highland Europe,” said Yoav Kutner, CEO and Co-Founder of Oro. “This investment is further recognition of the disruptive products we are building, the exciting growth we have seen, and the team we have built. We are quickly moving towards our objective of displacing expensive, inflexible and proprietary platforms to be the market leader in customer management and B2B e-Commerce applications.”
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.”