ZigZag Global, a London, UK-based provider of a software solution for retailers to optimally manage the return, consolidation and resale of products both domestically and internationally, raised a multi-million pound growth funding.
The round was led by Circularity Capital, with participation from Plug And Play Ventures. In conjunction with the funding, Ian Nolan, partner at Circularity Capital, joined the ZigZag board.
The company intends to use the funds to further accelerate the rollout of the solution to bluechip retailers.
Led by Al Gerrie, CEO and founder, ZigZag provides a SaaS platform that enables retailers to manage returns domestically and globally.
The system connects major retailers to a global network of over 220 warehouses to over 100 carrier solutions and 26 marketplaces in over 130 countries – all from a single integration. The company uses predictive analytics to understand the most cost-effective and energy-efficient route to work out if a retailer should hold and resell returned products in local markets or bring them back via consolidation.
Clients include global retailers in clothing, footwear, sports, health and beauty and other verticals (the list includes Topshop, Selfridges and GAP, amongst others).