ReturnGO an Israeli-based startup announced the completion of a $6.5 million Seed round.

The round was led by the TPY Capital fund, along with other funds including Cresson, GoodCompany, SeedIL, and Aristagroa. Leading angel investors such as Yuval Tal, Dan Adika, Benny Schneider, and Haim Bar-On also joined the round.

The Israeli startup has developed a machine-learning-based platform that enables efficient management of returns and exchanges for products purchased online.

Company: ReturnGO

Raised: $6.5M

Round: Seed Round

Funding Month: June 2022

Lead Investors: TPY Capital fund

Additional Investors: Cresson, GoodCompany, SeedIL, Aristagroa, Yuval Tal, Dan Adika, Benny Schneider, and Haim Bar-On

Company Website: https://returngo.ai/about-us/

Software Category:  AI-driven returns management platform

About the Company: ReturnGO has developed a machine-learning-based platform that enables efficient management of returns and exchanges for products purchased on e-commerce sites. The return phenomenon that Amazon set as a standard is one of the great challenges for the e-commerce industry and poses a serious threat to its profitability and even the survival of online stores. 

Source: https://www.calcalistech.com/ctechnews/article/skg00nkuy5