Wednesday, January 23, 2008

SmartTurn Raises $5M For 3PL Systems

Oakland-based SmartTurn, which develops systems for inventory and warehouse management, said this morning that it has raised $5M in a Series A funding. The round was led by New Enterprise Associates and Emergence Capital Partners. SmartTurn said that the funding will be used to strengthen and accelerate development, and for new customer acquisition initiatives. SmartTurn serves the third party logistics, distribution, and manufacturing industry with systems for inventory management and shipping management. More information »