G2 Reverse Logistics, a Pittsburgh, Pennsylvania-based company that provides an end-to-end reverse logistics platform, raised $9.6 million in seed funding.
SaaS Investors
The round was led by Dell Technologies Capital (DTC).
Dell Technologies Capital is a VC arm of Dell Technologies that invests in enterprise and cloud infrastructure. DTC invests in determined early-stage founders who push the envelope on technology innovation for the enterprise, connecting them to the capital, expertise, and customers they need to take a company from start to scale. Since its inception in 2012, DTC has backed more than 150 startups.
G2RL Use of Funds
The capital will be used to enable sales and marketing investments consistent with G2RL's global growth strategies.
About G2 Reverse Logistics
Founded in 2020, G2 Reverse Logistics is a company committed to helping customers optimize net recovery. The company provides an end-to-end solution designed to maximize ROI. Its end-to-end reverse logistics platform enables dynamic, data-driven decision-making across the entire returns lifecycle. Powered by unbiased disposition, artificial intelligence, machine learning, and predictive analytics, G2RL maximizes net recovery and saves customers an average of 20% across the return ecosystem. Their vision is to deliver value by reinventing reverse logistics through innovative technology.
Funding Details
Company: G2.0 Inc.
Raised: $9.6M
Round: Seed Round
Funding Month: March 2024
Lead Investors: Dell Technologies Capital
Additional Investors:
Company Website: https://g2rl.com/
Software Category: Reverse Logistics
Source: https://www.businesswire.com/news/home/20240319305614/en/