Supply Chain & Fulfillment

Loop Returns raises $65M to expand AI-driven returns operations

Loop Returns has secured a $65M Series B investment to scale its artificial intelligence platform for managing e-commerce returns and launched a pre-purchase cost-hedging product called Offset.

The numbers

  • $65M Loop Returns secured a $65M Series B investment.
  • $400 million Loop has helped brands retain $400 million in revenue.
  • 33.8% Exchange customers are 33.8% more likely to make a second purchase.
  • 700 Loop currently works with over 700 online brands.
  • 15 to 30 minutes Manually processed returns take a service rep 15 to 30 minutes.

Sources

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