NuOrder, a company providing digital wholesale solutions recently went through its Series A funding round led by GRP partners, thus landing with a growth capital of $3 million.
Based in West Hollywood, CA, the company mainly provides cloud base solutions to its customers. Apart from this, it also provides a marketplace, thus allowing wholesale businesses to be conducted online by retailers and brands. The company mainly develops software for ecommerce to help fashion brands and retailers. Wholesale transactions can thus be conducted online. Custom line sheets can thus easily be created, orders can be placed and inventories can be updated in real time. Online collections can be made accessible to buyers and digital orders can be placed.
Founded in 1996, GRP Partners helps Entrepreneurs build their businesses into transformative ones. The company has been involved in various startups for the past 16 years. Its traditional markets are financial services and technologies, digital media and performance based marketing, consumer and retail innovation, mobile applications and infrastructure, and Saas and Cloud based infrastructure. Its commitment is to lead the companies it invests in, to go through profound disruptions in the years ahead. It has dedicated its careers to these different slices of the U.S economy.
Investors like Greycroft,David Tisch, Aileen Lee,Brian Spaly,Rachel Zoe, Mortimer Singer, and the Creative Artists Agency also participated in the funding.
The capital will be utilized by the company in the development of its products.
Founded by Health Wells and Olivya Skuza , with 25 persons on the team today the company counts at least 30 of the world’s top brands like Adidas, Levis and Elizabeth and James all of which pay annual subscriptions of $10000 in using the company’s platform.