Arrive Recommerce powers recommerce for brands and retailers ranging in size and industry. Credit: Mediamodifier on Unsplash.

Arrive Recommerce, which powers Returns to Recommerce for brands and retailers, has raised $16m in a Series A funding round.

The funding, co-led by Javelin Venture Partners and Climatic VC, takes the total funding to $25.1m.

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Other participants in the financing round include Alpaca VC, Animo VC, Banana Capital, Cosmic Venture Partners, Freestyle VC, 444 Capital, Maersk Growth, Regeneration VC, Sidekick VC, and Wedbush Ventures.

Proceeds from the funding will be leveraged by the company for its platform expansion and to include more brands and operators in the recommerce industry.

Arrive Recommerce CEO and co-founder Rachelle Snyder said: “Recommerce should be a core pillar of a brand or retailer’s strategy. Our investors and brand partners share our enthusiasm about the evolution of this space, and this funding will allow us to expand our platform, continuing to lead this space with innovation and brand protection.”

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In addition to the funding, the company has introduced the Arrive Recommerce Operators Consortium, which is formed by group of operators and retailers interested in recommerce.

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Members of the consortium include Maersk, DHL Supply Chain, SCI and Ryder System.

Arrive Recommerce powers recommerce for brands and retailers of various sizes and industries.

The funding comes as the company continues to expand with additional brand, retail and operator partners in 2023.

Recently, Arrive Recommerce launched a partnership with Yeti to offer its non-new returned products for resale.

Arrive Recommerce COO and co-founder Ross Richmond said: “Recommerce is a trend that is exploding with demand from both the brand and consumer side. By providing a profitable sustainable programme with our returns-based resale offering, we have hit a sweet spot in the market.”