PITTSBURGH--(BUSINESS WIRE)--G2 Reverse Logistics, the definitive edge in net recovery, today announced $9.6M in seed funding led by Dell Technologies Capital. The capital will be used to enable sales and marketing investments consistent with G2RL's global growth strategies.
Founded in 2020, G2 Reverse Logistics tackles the trillion-dollar problem of retail and business returns. The company’s end-to-end reverse logistics platform enables dynamic, data-driven decision-making across the entire end-to-end returns lifecycle. Powered by unbiased disposition, artificial intelligence, machine learning and predictive analytics, G2RL maximizes net recovery and saves customers 20% across the return ecosystem, on average.
Powered by proprietary technology, the G2RL Prescriptive Analytics platform is purpose-built to optimize operations and minimize costs by constantly analyzing and improving returns in real-time. The platform enables true end-to-end product routing and disposition to maximize recoveries. The readily available open API architecture enables G2RL to easily integrate with existing client systems, making it a flexible, scalable solution. The platform boasts efficient returns processing, optimized net recovery and automated returns decisions for retailers, manufacturers, brands, and third-party logistics providers (3PLs).
“G2RL tackles the costly issue of return rates head-on; our innovation goes beyond just reverse logistics management. We enable intelligent, data-driven and agile optimization,” said Tom Perry, CEO of G2RL. “Our proprietary technology offers unmatched end-to-end net recovery in ways that challenge previous norms. G2RL enables seamless reverse logistics operations and unmatched profitability for customers.”
“The team at G2RL is made up of seasoned logistics professionals who started their initial journey over 30 years ago with GENCO, the leading pioneer in reverse logistics. Today, these industry veterans are back at it again, this time transforming the often complex and costly returns process,” said Gregg Adkin, managing director at Dell Technologies Capital. “Unlike other logistics providers in the market, G2RL stands out as the only end-to-end platform that eliminates human error, minimizes risk and helps make well-informed, cost-effective decisions.”
About G2RL
G2 Reverse Logistics is the definitive force in returns management. Founded by leading industry pioneers, the company’s end-to-end solution touches every aspect of the returns process. Committed to helping customers optimize net recovery, G2RL is the only definitive whole-loop solution for reverse logistics.
About Dell Technologies Capital
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 including Arista Networks, Cylance, DocuSign, JFrog, MongoDB, Netskope, Nutanix, Nuvia, Redis, Xometry and Zscaler. DTC has offices in Palo Alto (HQ), Boston, and Tel Aviv. For more information, visit www.delltechcapital.com.
