Centric which has raised a total of $82.9m in funding, has secured $24m in a series D round co-led by the Li and Fung Capital-affiliated fund.

Centric Software, a  US-based developer of software for the retail industry, has raised $24m in a series D round co-led by Fung Capital, the private equity partnership affiliated with supply chain company Li & FungGroup.

Silver Lake Waterman, the growth capital unit of private equity firm Silver Lake, co-led the round. Venture capital firms Oak Investment Partners and Masthead Venture Partners also took part.

Centric helps fashion, apparel and lifestyle brands to market through a product lifestyle management software suite.…