Deals

SmartTurn takes $5 million for on-demand inventory

SmartTurn is an Oakland, Calif. company that offers simple browser-based software for inventory and warehouse management.

The company assists with all aspects of the inventory system, from purchasing goods to eventually selling or shipping them. Its tracking software can work in conjunction with other technologies, including both barcoding and RFID tagging.

The $5 million funding was led by New Enterprise Associated and Emergence Capital Partners. It was the company’s first.