ReverseLogix secures $20 million to expand automation of e-commerce reverse logistics

ReverseLogix Corp., a cloud-based platform that automates reverse logistics for e-commerce brands, is recieving $20 million in its first round of external funding, enabling the company to expand its capabilities and resources. 

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.

"After bootstrapping ReverseLogix for over 6 years, I am excited to announce this significant investment.  Cambridge Capital is the perfect partner for us who has deep experience in logistics technology globally.  Working with them will allow us to continue developing our platform, expanding our leadership team and extending our high-growth trajectory into 2021 and beyond, leveraging their industry relationships with key customers and partners," said Gaurav Saran, founder and CEO of ReverseLogix.

With large customers such as FedEx,  Electrolux, Cole Haan, BNSF Logistics, Amer Sports, Samsonite and Tumi, ReverseLogix is already a leader in an important emerging product category underserved by incumbent vendors. 

With this new investment, ReverseLogix is accelerating and deepening its relationships with other large customers and partners globally.

For more information about this news, visit https://ReverseLogix.com.   

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