ReverseLogix Secures $20 Million To Expand The Company

Introduction

ReverseLogix Corp., one of the top players in the SaaS-based return management system industry, raised $20 million successfully from supply chain and logistics-focused investment firm, Cambridge Capital in its Seed A funding round.

ReverseLogix, a return management platform for businesses based in Burlingame, California, needs no introduction. It is a Saas platform that helps businesses to manage, plan and execute complete reverse logistics tasks in a simplified manner.

History Of ReverseLogix

It was founded with an aim to automate the reverse logistics process of the big brands in the global market. It targets businesses from the eCommerce, logistics, and manufacturing sectors and takes care of their returns, repairs, and after-sales Customer care.

ReverseLogix, a bootstrapped company, cleared its first round of funding on February 18, 2021. It managed to raise $20 million in Seed A funding from the renowned investment firm named Cambridge Capital. In addition to it, Matt Smalley and Benjamin Gordon of Cambridge Capital joined ReverseLogix as Board members. The company plans to utilise the money on strengthening its user base, building up new tools, and increasing its resources. 

Similarly, Arizona-based Tranual also raised $25 million in its Seed B funding round. 

Core Values Of ReverseLogix

The ReverseLogix team believes in four pillars of values which includes Simplicity, Flexibility, Visibility, and Cost efficiency. These values help them to stay on top in the market and keep the business operations intact while maintaining a strong connection with their partners. ReverseLogix aims to support every business with its reverse logistics process, its power-packed business optimization tools, and end-to-end return, resell and repair managing Saas platform. 

Industries Served By ReverseLogix 

Founded in 2012 by Gaurav Saran, ReverseLogix Corp today functions globally with its client base consisting of big brands across the world. It is known that ReverseLogix Corp automates the return management system of a company. With AI and its cutting-edge features, it caters to the eCommerce, 3rd Party Logistics, Manufacturing, and Retailing sectors predominantly. Additionally, it also helps the companies calculate their ROI (Return On Investment) with the ROI Calculator. 

Services Provided By ReverseLogix 

ReverseLogix empowers businesses by providing them with a seamless return management system, optimizing their operational processes, and maximizing their returns on investments. The 5 solutions that they lay out for the rapid growth of businesses are:

A Business’s core depends on its operations. ReverseLogix helps in streamlining and simplifying processes for companies. It also solves internal issues for smooth operations.

As the Customer is the King, it is very important to provide them with a seamless customer experience. ReverseLogix helps to build a healthy relationship between the company and the customers so that they like their service or product and come back again. The Consumer ratio determines the growth rate of a company. 

ReverseLogix helps businesses to track their returns and provide a full-fledged dashboard to increase visibility. It measures the analytical data and numbers in the workflow of the company.

ReverseLogix helps to increase the value of margin which in return increases the profitability resulting in a good return on investment. It aims to boost the cash flow of any business by correcting all the defaults in the business structure.

The businesses increase their efficiency by following the resell, repair, and recycle methods on their returns. The ReverseLogix helps to take the sustainable foot forward by minimizing the environmental impacts and maximizing the proper management of returned goods. 

Leadership At ReverseLogix

With the help of a great team of leaders, ReverseLogix was named “Cool Vendors in Logistics and Fulfilment Technology” by Gartner on November 8, 2022. Gaurav Saran, Founder, and CEO of ReverseLogix addressed his team and appreciated their efforts. 

ReverseLogix and Cambridge Capital Partnership

After 6 years of Bootstrapping, ReverseLogix Corp, founded by Gaurav Saran went through its first round of funding on February 18, 2021, and secured $20 Million, the first external investment from Cambridge Capital. Benjamin Gordon, Founder and Managing Partner of Cambridge Capital, and Matt Smalley, Principal of Cambridge Capital joined as members of the Board at ReverseLogix after the funding round. 

Cambridge Capital is a renowned investment firm with a sole focus on logistics, transportation, and supply chain technology and with market-driven in-depth knowledge which will benefit ReverseLogix to expand and grow exponentially.

At present, ReverseLogix has partnerships with the megacorps like Microsoft, Oracle, Mantis Group, B Stock Solution, and Overhaul to name a few. Other famous global brands like Suunto, Samsonite, Wilson, Tumi, Salomon, and Peak Performance also use the services of ReverseLogix for their reverse logistic processes. 

Also Read: https://www.datarecovo.com/fishbrain-raises-31m-in-funding/

Final Words

ReverseLogix entered the logistics industry as a pioneer of Return Management Systems (RMS) with its AI-powered Saas platform that manages every side of the return, repair, and after-sale customer care service for any business. The company serves multiple industries like eCommerce, Manufacturing, and Retailing and aims to provide sustainable growth. After Seed A Funding and its partnership with Cambridge Capital, the company is ready to broaden its horizons.