Devolut raised a $600K pre-seed round aiming to boost efficiency and convenience in the region’s online shopping returns. Notable investors in the round include Seedstars International Ventures, FJ Labs, Far Out VC, Pareto 20, and Forum VC.
Devolut’s software helps automate e-commerce returns, potentially saving sellers up to 50% in management costs while allowing buyers to receive faster refunds. Following a recent funding round, Devolut plans to introduce ‘City Points’ and an AI-driven returns system.
“Through Devolut, we are turning the challenge of returns into an opportunity for merchants to build stronger relationships with their customers and increase their sales. We are here to redefine the post-purchase experience, driving loyalty and repeat business for brands across the region,” said Emiliano Monge, Co-Founder and CTO of Devolut.
