Optoro, a company that provides a platform for retailers to buy and sell returned and excess inventory, has closed a $50 million Series C funding round. The investment was led by Kleiner Perkins Caufield & Byers, along with Generation Investment Management. Existing investors Revolution Growth, Grotech Ventures and SWaN & Legend Venture Partners also participated in the round. KPCB Partner Daniel Oros is joining the Optoro board.

[Image courtesy: Optoro]