Chilean SaaS startup Reversso raises $1.1 million in funding

Oluwajuwonlo Afolabi -

Chilean software-as-a-service (SaaS) startup, Reversso, has raised $1.1 million in its seed funding round led by Genesis Venture Funds based in Santiago, Chile.

  • Reversso offers a software solution for returns and exchanges that integrates e-commerce platforms, reverse logistics, and payment methods for automated and self-services.
  • The fund will be used to launch the startup's new products and increase its workers base from 300 to 1,000 in the next 12 months.
  • The startup is developing an insured refunds service that complements the automation in refunds and returns. The solution enables stores to reimburse customers before products are shipped and prevent defects in goods.
  • Hero Capital, Grupo Prisma, and angel investors such as Matt Brown, Prodigio Partner, and Alan Weschler invested in the round.