ReverseLogix Raises $20M in Series A Funding

ReverseLogix

ReverseLogix Corp., a Burlingame, Calif.-based cloud-based platform to automate reverse logistics for e-commerce brands, third-party logistics providers and manufacturers, raised $20m in Series A funding. 

The round was provided by Cambridge Capital.  In conjunction with the investment, Cambridge Capital’s Benjamin Gordon and Matt Smalley have joined ReverseLogix’s Board of Directors.

The company intends to use the funds to enhance its capabilities and resources.

Led by Gaurav Saran, Founder and CEO, ReverseLogix provides a modular SaaS platform to manage, plan and execute the complex end-to-end reverse logistics process for the world’s largest e-commerce-focused companies. Through the platform, e-commerce companies, logistics providers and manufacturers can manage every aspect of returns, repairs and after-sales care.  Distinct modules are focused on returns initiation, returns processing, repair management, warehouse management and inventory optimization. 

Customers include FedEx,  Electrolux, Cole Haan, BNSF Logistics, Amer Sports, Samsonite and Tumi, etc.

FinSMEs

22/02/2021