ReturnLogic, a Philadelphia, PA-based leader in returns management software (SaaS) solutions for e-commerce brands and retailers, announced today the completion of its $8.5 million Series A funding.
The round was led by Mercury, with participation from Revolution’s Rise of the Rest Fund, White Rose Ventures, and Ben Franklin Technology Partners.
The new capital will be used to double ReturnLogic’s workforce, accelerate product development, and expand Application Programming Interface (API) capabilities with new e-commerce platforms and ecosystems for ReturnLogic’s Software-as-a-Service (SaaS) returns operations platform.
Company: ReturnLogic Inc.
Raised: $8.5M
Round: Series A
Funding Month: Aug 2022
Lead Investors: Mercury
Additional Investors: Revolution’s Rise of the Rest Fund, White Rose Ventures, and Ben Franklin Technology Partners
Company Website: https://www.returnlogic.com/
Software Category: Returns Management Software
About the Company: ReturnLogic is shaping the future of returns management solutions, helping high-growth e-commerce brands automate, gain visibility, and optimize product returns and operations to scale their stores and reach their full potential. ReturnLogic’s unique SaaS platform powers return workflows and operations, unifying reverse logistics technology solutions like CRM, 3PL, IMS, and shipping services into a single, integrated platform. Brands use ReturnLogic’s technology to customize their returns portals, free up their customer support team, automatically process warehouse team returns, and accept warranty requests on purchases made inside or outside their e-commerce sites. ReturnLogic proudly serves hundreds of online brands and retailers, processes thousands of RMAs, and is trusted by brands such as GrooveLife, EchelonFit, Oofos, Decathalon, Dossier, and The Sak.
Source: https://www.returnlogic.com/blog/returnlogic-raises-8-5-million-in-series-a-funding-from-mercury-and-other-leading-investors/