ReturnGO, a Ramat Gan, Israel-based company that enables management of returns and exchanges for products purchased on eCommerce sites, raised $5M in funding.
The round was led by Trestle Partners. This investment followed a $6.5M seed funding round that was announced last June, which was led by TPY Capital fund, along with Cresson, Good Company, SeedIL, and Aristagroa.
The company intends to use the funds to expand operations and its business reach.
Founded in July 2020 by Aviad Raz (CEO), Assi Abramovich (CTO), and Eyal Rosenthal (US GM), ReturnGO provides post-purchase solutions to enable efficient management of returns and exchanges for products purchased on eCommerce sites. It serves more than 2,500 merchants worldwide, including Orthofeet, Decathlon, Dixxon, and more, to enhance their customer satisfaction, increase operational efficiency, and save sales, with the end result of higher customer long-term value and overall merchant profitability.
The company has entered into a collaboration with Amazon Multi-Channel Fulfillment (“MCF”), which will provide MCF merchants with an integrated solution that automates the entire return and exchange process.
ReturnGO currently employs 25 people at its research and development center in Ramat Gan, Israel. The company recently expanded its footprint in the U.S. via a new subsidiary to further support its business.
FinSMEs
08/11/2023