Redo, a commerce technology company, has raised $81 million in Series B funding at a reported valuation of $1.25 billion. The round was led by Smash Capital, with participation from existing investors Pelion Venture Partners and Cervin Ventures. The funding will support product development, artificial intelligence initiatives, and international expansion as Redo continues to build technology for managing customer relationships across multiple commerce touchpoints. More than 4,100 brands use Redo's platform, with over 1,750 merchants utilizing multiple Redo offerings. The company has already deployed a portion of the capital through the acquisition of ReturnBear, a provider of international returns with fulfillment operations servicing more than 100 countries.
Redo raised $81M Series B at $1.25B valuation, boosting its financial position.
ReturnBear was acquired by Redo, providing an exit for its investors.