We Just Raised $6.5 Million – Here’s What’s Next

June 16, 2022
| by Rebecca Fox

We’re thrilled to share our big news – we just raised 6.5 million dollars! The seed fundraising round was led by the TPY Capital fund, along with other funds including Cresson, Good Company, SeedIL, and Aristagroa. Leading angel investors such as Yuval Tal, Dan Adika, Benny Schneider, and Haim Bar-On also joined the round.

Over 2,000 Shopify stores have already adopted our data-driven platform for automating returns and exchanges, and we’re looking forward to continuing to help eCommerce stores streamline returns management. 

The world is our oyster, and we’re excited to take ReturnGO to the next level.

New Funding = More Growth

Our goal is to use this investment to further develop our software in order to provide our customers with the best experience and to enable more eCommerce businesses to grow successfully.

“We have been able to turn returns from a painful financial problem into a lever of revenue and improve the relationship with customers. Most customers who return products and receive a full refund suffer from a slow and cumbersome process, and will probably not buy again on this site – so the damage is greater than just the canceling of a specific transaction.” 

– Aviad Raz, co-founder and CEO of ReturnGO

You’re going to love the things we’ve got planned. We have an incredible vision for the platform we are building – we aim to be the best system in the world for managing eCommerce returns. This investment helps us achieve our vision faster, and keep expanding our horizons.

Our Commitment to You

We believe in the power of returns automation and in the flexibility our AI-powered returns management software provides to our users. 

This round of funding enables us to focus on what we do best – creating exceptional post-purchase experiences for eCommerce stores and their customers. 

To that end, we will continue growing our team and expanding into new markets worldwide. Throughout our growth, we aim to focus on maintaining our outstanding support and constantly improving our online returns solution.

We are committed to always giving our users the best in terms of efficiency, cost-effectiveness, and reliability.

83% of eCommerce stores do not yet use AI technology to support their supply chain and returns management. We’re proud to be at the forefront of this revolution in returns.

What’s Next?

While this seed funding round has created much excitement, we see it ultimately as a sign that we’re doing something right. Our team is looking forward to getting to work on new features that will enable you to optimize the post-purchase experience and streamline your returns.

Stay tuned on our blog and social media as we continue on our journey to creating the ultimate returns management solution.

Thank you once again to our investors, customers, employees, and partners.

Automate Returns & Exchanges

Related Posts