Loop, a Columbus, Ohio-based provider of a SaaS e-commerce platform, closed a $10M Series A funding round.
The round was led by FirstMark Capital, joined by Lerer Hippeau and Ridge Ventures.
The company intends to use the funds to strengthen its Returns offering, develop customer partnerships to build a variety of new internal and consumer-facing products that inspire consumers to love what they buy by deepening its connection to brands and products.
Founded in 2017 and led by Corbett Morgan, CEO, and Jonathan Poma, President and COO, Loop provides Returns, which has processed more than two million returns for over 200 brands on Shopify, including Allbirds, Brooklinen, Chubbies, FIGS, and Thrive Causemetics.
The company also has satellites in Toronto, ON, and Waterloo, ON.