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Arrive Raises Another $1.3 Million To Support Distribution Of Its Smart Mailboxes Designed For Autonomous Delivery

Arrive Raises Another $1.3 Million To Support Distribution Of Its Smart Mailboxes Designed For Autonomous Delivery

07/10/23, 12:43 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsanta monica
Money raised
$1.3 million
Industry
security
Round Type
seed
Arrive, the smart mailbox company formerly known as Dronedek, today announced that it raised more than $1.3 million from 428 investors, most of them new to the Indianapolis-based innovator. The funding round closed Friday, July 7.

Company Info

Company
Arrive Recommerce, Inc.
Location
7601 e. 88th place, building 3
santa monica, california, united states
Additional Info
Arrive Recommerce is leading the resale market with a profitable, sustainable and scalable branded resale channel. Returns to Recommerce™ focuses on turning a cost center into a profit center by helping brands and retailers divert products such as non-new returns, excess inventory, and damaged inventory into a fully-branded revenue generating resale channel. Arrive's Recommence Management Technology, Recommerce Storefront Technology and Analytical Tools allow brands to drive more revenue, more customers and improve operational efficiency. Arrive collaborates with companies in adjacent verticals such as returns management, logistics, and ecommerce enablement to increase margin and value for our brands. Arrive was named the 4th Most Innovative Retail Company by Fast Company in 2022. Notable partners include brands like YETI and Burton Snowboards.

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