Utah-based ecommerce tech company Redo raised an $81M Series B at a $1.25B valuation led by Smash Capital, with participation from Pelion and Cervin (David Politis/Utah Money Watch)

Techmeme ·

Redo raised $81M to expand its AI-powered ecommerce returns platform, reaching a $1.25B valuation.

Categories: Money & Moves

Excerpt

<p><a href="https://www.techmeme.com/260625/p61#a260625p61" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> David Politis / <a href="https://www.utahmoneywatch.com/">Utah Money Watch</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.utahmoneywatch.com/draper-utah-based-redo-raises-81-million-in-a-series-b-round-of-funding-at-a-1-25-billion-valuation/">Utah-based ecommerce tech company Redo raised an $81M Series B at a $1.25B valuation led by Smash Capital, with participation from Pelion and Cervin</a></b></span>&nbsp; &mdash;&nbsp; The Utah eCommerce-technology company started with returns.&nbsp; &mdash;&nbsp; Now it is raising growth capital to build a broader AI-powered platform &hellip; </p>

Read at source: https://www.techmeme.com/260625/p61#a260625p61