ReverseLogix Corp., the leading cloud-based platform to automate reverse logistics for e-commerce brands, third-party logistics providers and manufacturers, today announced $20 million in its first round of external funding. The new capital will enhance the company’s capabilities and resources to deliver a turn-key, 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.
The Series A financing was provided by Cambridge Capital, a leading supply chain technology-focused investment firm. In conjunction with the investment, Cambridge Capital’s Benjamin Gordon and Matt Smalley have joined ReverseLogix’s Board of Directors.
Through ReverseLogix’s proprietary, cloud-based technology platform, e-commerce companies, logistics providers and manufacturers can manage every aspect of returns, repairs and after-sales care. With distinct modules focused on returns initiation, returns processing, repair management, warehouse management and inventory optimization, customers can leverage the best and only centralized end-to-end returns management solution for their specific needs. By automating and optimizing reverse logistics processes with AI and machine learning, ReverseLogix’s customers can achieve a significant reduction in operating costs and increase customer satisfaction, while also achieving enhanced visibility and adherence to complex service level requirements and custom policies – all in one centralized platform.Prnews Wire