Net recovery company G2 Reverse Logistics announced $9.6 million in seed funding led by Dell Technologies Capital. The funding round will enable sales and marketing investments to drive global growth strategies.
Launched in 2020, G2 Reverse Logistics addresses 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 returns lifecycle. Powered by unbiased disposition, AI/ML, and predictive analytics, G2RL maximizes net recovery and saves customers about 20% on average across the return ecosystem.
The G2RL Prescriptive Analytics platform was purpose-built to optimize operations and minimize costs by constantly analyzing and improving real-time returns. And the platform enables true end-to-end product routing and disposition to maximize recoveries.
The company’s readily available open API architecture enables G2RL to easily integrate with existing client systems, making it a flexible and scalable solution. This platform features efficient returns processing, optimized net recovery, and automated returns decisions for retailers, manufacturers, brands, and third-party logistics providers (3PLs).
KEY QUOTES:
“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. 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.”
– Tom Perry, CEO of G2RL
“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. 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.”
– Gregg Adkin, managing director at Dell Technologies Capital
