Lillii RNB Inc., an Atlanta, GA-based retail fraud detection, prevention, and data services firm, announced that it closed $3 million in seed funding.
The round was co-led by Serena Ventures and Aperture Venture Capital. Previous investors include Morgan Stanley, Pax Angels, 1863 Ventures, Bronze Valley and Atlanta-area angels, Laron Walker and Rabieh Razzouk.
The seed funding will allow Lillii RNB to take the next big step in bringing its innovation to retailers across the globe.
Company: Lillii RNB Inc.
Round: Seed Round
Funding Month: May 2022
Lead Investors: Serena Ventures and Aperture Venture Capital
Additional Investors: Morgan Stanley, Pax Angels, 1863 Ventures, Bronze Valley and Atlanta-area angels, Laron Walker and Rabieh Razzouk
Company Website: https://www.lilliirnb.com/
Software Category: Retail Loss Prevention and Data Services
About the Company: Lillii RNB, Inc. ("Let's Imagine Life with Ladies In IT") is retail fraud detection, prevention, and data services firm based in Atlanta, GA. Lillii RNB is a developer of SaaS-based B2B Marketplace for Returns Management Applications (RMAs) intended to provide system integrators in the retail industry. The company offers retail POS and mobile applications for tier 1 retailers by providing store solutions, merchandising, supply chain, and optimization solutions, enabling retailers to enhance customer intimacy, improve employee efficiency, and increase product availability to deliver a superior shopping experience at a lower cost of service. Its proprietary solution, freeing Returns™ is a SaaS platform that helps retailers uncover the Fraudsters and Organized Crime Rings hiding in their data; leveraging the power of machine learning, graph-link analysis, and entity resolution. Lillii RNB's mission is to dramatically reduce the over $400B annual loss experienced by retailers due to returns, fraud, hackers, and bad actors.