Renow, a Helsinki, Finland-based AI-powered recommerce startup that offers returns as a service, has raised a €1.8 million seed funding round.
Investors
The round was led by Greencode Ventures, with participation from existing investors Superhero Capital and Street Smart Capital.
Greencode Ventures is a pan-European VC firm specializing in the green transition by rapidly scaling digital solutions that aim to create a measurable impact within this decade. It focuses on Seed to Series A investments, supporting solutions that reduce emissions, save resources, and increase efficiency through advanced technologies such as AI. These investments drive the green transition across energy, mobility, industry, and the built environment.
Renow Use of Funds
The company will use the funds to expand its platform and logistics network, grow its sales and product teams, and support launches in new European markets.
About Renow
Renow provides AI-powered recommerce solutions focused on the reverse logistics chain, helping retailers manage product returns, trade-ins, and resale to extend product lifecycles and reduce waste. Its platform streamlines the entire recommerce process—from return initiation and remote inspection to quality grading and resale. By integrating with local third-party logistics providers and offering freemium tools, Renow enables merchants to manage returns efficiently. Focused on electronics and hard goods, Renow currently supports well-known Nordic retailers and marketplaces, with operations in Finland, Sweden, and Norway and upcoming launches in Denmark and the Benelux region. Renow’s vision is to make recommerce mainstream and decrease waste.
Funding Details
Company: Renow
Raised: €1.8M
Round: Seed
Funding Date: June 2025
Lead Investor: Greencode Ventures
Additional Investors: Superhero Capital, Street Smart Capital
Company Website: https://renow.ai/
Software Category: Recommerce / AI for Logistics / Retail Tech
Source: https://news.cision.com/san-francisco-oy/r/renow-raises--1-8m-to-disrupt-europe-s--160b-return-and-second-hand-market-with-ai-powered-recommerc,c4165235