California, Santa Monica, July 17, 2023 — The technology firm Arrive Recommerce, Inc., which drives Returns to RecommerceTM for brands and retailers, declared today that it has raised USD 16M in Series A funding. As Arrive Recommerce expands in the thriving recommerce sector, the cash will be utilized to open the platform to new brands and operators.
The Arrive Recommerce Operators Consortium, a collection of leading operators and retailers interested in recommerce, is also being introduced by Arrive Recommerce. The consortium, which will support the promotion and growth of using recommerce management technology globally, now includes Maersk, DHL Supply Chain, SCI, Ryder System, Inc., and other companies.
The Arrive Recommerce Operators Consortium, a collection of leading operators and retailers interested in recommerce, is also being introduced by Arrive Recommerce. The consortium, which will support the promotion and growth of using recommerce management technology globally, now includes Maersk, DHL Supply Chain, SCI, Ryder System, Inc., and other companies.
An intelligent reverse logistics technology solution is increasingly essential to a brand’s or retailer’s e-commerce strategy. In less than eight weeks, brands and merchants can build a lucrative, branded, and sustainable resale channel thanks to Arrive’s modular and straightforward Recommerce Management Technology.
Other firms participating in the Series A fundraising were Maersk Growth, Sidekick VC, Cosmic Venture Partners, 444 Capital, Freestyle VC, Animo VC, Banana Capital, Alpaca VC, Regeneration VC, and Wedbush Ventures. Javelin Venture Partners and Climatic VC co-led the round. Currently, the company has received $25.1M in investment overall.
With a successful, long-lasting, and scalable branded resale channel, Arrive Recommerce is at the forefront of the resale business. By guiding brands’ and retailers’ products, such as non-new returns, excess inventory, and damaged inventory, into a fully branded revenue-generating resale channel, Returns to RecommerceTM aims to transform a cost center into a profit center.
With live brands selling fashion, outdoor gear, and hard goods, Arrive Recommerce powers recommerce for brands and retailers of various sizes and industries. In 2023, Arrive will continue to grow with new brands, retailers, and operator partners.
With a successful, long-lasting, and scalable branded resale channel, Arrive Recommerce is at the forefront of the resale business. Returns to RecommerceTM helps brands and retailers funnel products like non-new returns, surplus inventory, and damaged inventory into a fully branded, revenue-generating resale channel to turn a cost center into a profit center.
Recommendation Management Technology, Recommerce Storefront Technology, and Analytical Tools from Arrive enable brands to increase sales, attract new clients, and enhance operational effectiveness. For our brands’ margin and value, Arrive works with businesses in related industries, including returns administration, logistics, and e-commerce support.
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