Returngo Completed A $6.5 Million Seed Fundraising Round To Improve
06/17/22, 12:00 AM
Location
tel aviv
Money raised
$6.5 million
Round Type
seed
ReturnGO’s AI-powered returns management platform enables online stores to efficiently manage returns and exchanges. The startup has completed a successful seed fundraising round led by the TPY Capital fund.
Company Info
Location
tel aviv, tel aviv district, israel
Additional Info
The start-up company ReturnGO has announced the completion of a $6.5 million seed raise. Thanks to the raise, the company plans to expand its workforce in the coming year and recruit additional employees for development, research, marketing and sales. ReturnGO was founded in July 2020 by Aviad Raz (CEO), Assi Abramovich (CTO), and Eyal Rosenthal (CRO) and currently employs 20 people at the R&D center in Ramat Gan. ReturnGO has developed a machine-learning-based platform that enables efficient management of returns and exchanges for products purchased on e-commerce sites. "There are a number of macroeconomic and social-trends that we believe ReturnGO is likely to benefit from, including the growing challenges in the reverse supply chain - returning products from customers to manufacturers," said Dekel Percy, managing partner at TPY Capital who led the round.