ReverseLogix Corp., a cloud-based platform that automates reverse logistics for e-commerce manufacturers, is recieving $20 million in its first spherical of exterior funding, enabling the corporate to develop its capabilities and assets.
The Collection A financing was supplied by Cambridge Capital, a number one provide chain technology-focused funding agency. At the side of the funding, Cambridge Capital’s Benjamin Gordon and Matt Smalley have joined ReverseLogix’s Board of Administrators.
By ReverseLogix’s proprietary, cloud-based expertise platform, e-commerce firms, logistics suppliers, and producers can handle each side of returns, repairs and after-sales care.
With distinct modules centered on returns initiation, returns processing, restore administration, warehouse administration and stock optimization, clients can leverage the most effective and solely centralized end-to-end returns administration answer for his or her particular wants.
By automating and optimizing reverse logistics processes with AI and machine studying, ReverseLogix’s clients can obtain a big discount in working prices and improve buyer satisfaction, whereas additionally reaching enhanced visibility and adherence to advanced service degree necessities and customized insurance policies – multi function centralized platform.
“After bootstrapping ReverseLogix for over 6 years, I’m excited to announce this important funding. Cambridge Capital is the right associate for us who has deep expertise in logistics expertise globally. Working with them will permit us to proceed growing our platform, increasing our management staff and lengthening our high-growth trajectory into 2021 and past, leveraging their trade relationships with key clients and companions,” mentioned Gaurav Saran, founder and CEO of ReverseLogix.
With massive clients comparable to FedEx, Electrolux, Cole Haan, BNSF Logistics, Amer Sports activities, Samsonite and Tumi, ReverseLogix is already a pacesetter in an essential rising product class underserved by incumbent distributors.
With this new funding, ReverseLogix is accelerating and deepening its relationships with different massive clients and companions globally.
For extra details about this information, go to https://ReverseLogix.com.
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