ReverseLogix Corp., the cloud-based platform to automate reverse logistics for e-commerce brands, third-party logistics providers and manufacturers, announced $20 million in its first round of external funding.
The new capital will enhance the company’s capabilities and resources to deliver a turn-key, modular SaaS platform to manage, plan and execute the complex end-to-end reverse logistics process for the world’s largest e-commerce-focused companies, the startup said.
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.
“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.
“We are extremely excited to partner with Gaurav and ReverseLogix as the first outside investor. Our background as global business builders in supply chain, and our unique viewpoint as a group of operators, strategic advisors and investors focused exclusively in logistics, will allow us to help ReverseLogix continue to extend its market leadership, in what we believe is a trillion dollar reverse logistics market globally,” said Benjamin Gordon, Cambridge Capital’s Managing Partner. “ReverseLogix’s continuous growth with existing and new large customers, top-tier satisfaction with the most important customers globally, and best-of-breed cloud-native flexible technology platform are a validation of ReverseLogix’s large market opportunity and excellent product-market fit,” added Matt Smalley, Principal of Cambridge Capital.
With this new investment, ReverseLogix is accelerating and deepening its relationships with other large customers and partners globally.
ReverseLogix Corp. is the leading cloud-based platform to automate end-to-end reverse logistics for e-commerce brands, third-party logistics providers and manufacturers.
Founded in 2014 as a pioneer in SaaS-based centralized returns management, ReverseLogix is on the cutting-edge of solving reverse logistics challenges holistically. ReverseLogix is headquartered in Burlingame, California and serves top brands in all major verticals globally.
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