Federal filing reveals details on Ordoro's latest financing

May 29, 2014
Austin Business Journal

A regulatory filing provided additional details about the financing announced last week by software maker Ordoro Inc.

The Austin-based company collected $438,498 or a planned $460,000 financing from 10 investors, according to a Wednesday filing with the U.S. Securities and Exchange Commission

Ordoro, which develops software designed for e-commerce companies to track inventories and orders, plans to hire six more employees this year, CEO Jagath Narayan said last week

The financing increases to $2.1 million the amount of investment capital the startup has collected since launching. Investors include angel investors and the Belgium-based E-Merge

Ordoro, which launched in 2009 at the Austin Technology Incubator, employs eight workers. Its software manages orders on various platforms such as Amazon and eBay. It automates the process of printing packing lists and shipping labels, managing inventories, drop shipping and customers

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