Happy Returns Closes $8M Series B Funding Round

Happy Returns, a Santa Monica, Calif.-based technology, logistics and service provider for online retailers, raised $8M in Series B funding.

The round was led by USVP with participation from existing investors Upfront Ventures and Trunk Club founder Brian Spaly. As part of the financing, USVP General Partner Rick Lewis will join Happy Returns’ Board of Directors.

The company intends to use the funds to expand its network of Return Bar locations while building out multiple new product offerings and investing in their operations, sales and engineering teams.

Led by David Sobie, Co-Founder and CEO, Happy Returns provides an integrated system of technology, service, and logistics that aims to give shoppers an improved product return experience and retailers a low-cost service. The company operates a national network of 50+ Return Bar locations in 14 metro areas staffed by Returnistaâ„¢ return specialists located in premier shopping centers, independent boutiques, and other convenient spots.

FinSMEs

21/12/2017

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