Stitch Labs, a cloud-based, real-time inventory and business management company, has closed $3.5 million in Series A financing. The investment was led by Greg Sands from Costanoa Ventures, with support from True Ventures and Greg Waldorf. This is Stitch Labs’ second round of funding with the previous closing of $1 million in February 2012.
Stitch Labs has grown tenfold in 2013 and is currently processing more than one million orders per month, according to the company.