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Retail Solutions, a provider of software tools for retailers, has closed a $15.2 million third round of funding. The round was led by Investor Growth Capital with participation from existing investors Bessemer Venture Partners, Venrock Associates and Red Rock Ventures.
Based in Mountain View, Calif., Retail Solutions helps more than 350 consumer packaged goods (CPG) companies analyze supply chain and manufacturer data to reduce out-of-stock items and maximize product availability. Clients include big name brands like Proctor & Gamble, HP, Kraft and Nestle.
Retail Solutions last raised $14.3 million in 2009 and has raised more than $30 million to date.
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