“Big news: we just raised $65M in our series B funding! The round was led by CRV, along with Shopify, and Renegade Partners. Existing investors FirstMark CapitalRidge VenturesPeterson Ventures, and Lerer Hippeau joined in as well.

I couldn’t have asked to bring better partners and better humans into the fold with this round of investment, and I’m so grateful we get to leverage these amazing new partners to help us help merchants win in this modern retail landscape.

Every merchant who’s said yes to our product and given us feedback along the way, every investor and advisor who’s been a part of the story, and every employee who’s dedicated their time and energy to Loop—thank you. It’s only because of you all that we’re here, and that we have this opportunity. 

With this round of funding, there’s a lot on deck. All of it designed to create an even better online returns experience for customers and drive higher lifetime value for brands.

We plan on investing heavily in our product development and go-to-market teams so that we can continue to transform returns from a huge challenge into an experience that shoppers love.”

Read the full post on Loop.