Redo raised $24 million in a Series A led by Pelion Venture Partners to enhance its e-commerce returns automation software.

Aug 20, 2024•12 months ago

Amount Raised

$24 Million

Round Type

series a

DraperE CommerceSoftware

Investors

Aglaé VenturesCervin VenturesTandem Venture PartnersKickstart FundEpic VenturesPelion Venture Partners

Description

E-commerce platform Redo has successfully raised $24 million in a Series A funding round. The round was led by Pelion Venture Partners, with participation from EPIC Ventures, Kickstart Fund, Tandem Venture Partners, and several angel investors.

Company Information

Company

Redo

Location

Draper, Utah, United States

About

Redo is an e-commerce platform specializing in automating returns, exchanges, and support tickets for merchants. Its goal is to streamline processes, allowing brands to focus on building their businesses. The software offered by Redo is free for merchants, as the company generates revenue based on platform usage. Founded by Tay Brown and led by CEO Sterling Snow, the company aims to create a new category in the e-commerce space.

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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