OrderGroove Raises $20M

What does OrderGroove do?

OrderGroove, is the leader in commerce enablement technologies. This SaaS subscription platform enables B2C brands such as L’Oreal and Wlamart in helping them launch subscription services. Their aim is revolutionizing the way people shop, one relationship at once. This is the world’s 1^st for B2C businesses and CMOs, helping the major brands in developing relationshops with their most priced customers through subscription model, that is taking customer loyalty to exclusivity, while increasing their life time value and annual spend from 2 times to 4 times.

How much OrderGroove was funded?

The company raised $20M in Series C on January 17, 2017 from National Securities Corporation

Previous funding

Undisclosed amount in undisclosed round on February 26, 2010 from Upstage Ventures

$7M in undisclosed round on November 6, 2012 from Stage One Capital, Fung Capital, Lerer Hippeau Ventures, Fred Schaufeld, Bee Partners, Raul Vazquez, Allegro Venture Partners,  SWaN & Legend Venture Partners and Mark Wachen

$3M on January 1, 2013 from Western Technology Investment

What is next for OrderGroove?

OrderGroove will enhance its omnichannel subscription enablement platform and introduce new consumer technologies beyond subscriptions which will reduce the buying cycle for trillions of dollars spent every year on consumer goods. The funding will also helps the company in product innovation, sales, data science and client success.

More about OrderGroove

OrderGroove was founded in 2010 by Greg Alvo. It has its headquarters in New York, New York. This leading enterprise commerce platform works with many blue chip brands. It is a pioneers in membership commerce and subscription. This platform is designed for specifically for the convenience of the buyers and for turning new and current customers into repeat buyers, increasing the sales, building customer retention, cutting down the customer defection rates and improving the lifetime value. This company drives the best retention rates and best in class subscription response.