- Companies
- Redo
Last Redo valuation
$1.3B
Series B · Jun 2026
Last Redo funding round
$81M
Series B · Jun 2026
Cumulative funding Redo raised
$107M
across 3 funding rounds
Key investors in Redo
Pelion Venture Partners
Cervin Ventures
Smash Capital
About Redo
Redo is a San Francisco-headquartered returns management platform for e-commerce brands powered by Shopify and other platforms. The service automates refund-to-exchange conversions, package protection claims, and returns processing through a customer portal. Used by over 5,000 merchants including Allbirds and Brooklinen, Redo recovers 20% more revenue by turning returns into store credit. Launched in 2021, it streamlines operations for direct-to-consumer businesses globally.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.3B (Jun 2026)
Redo Valuation
Redo is currently valued at $1.3B, based on its Series B in June 2026.
The $81M round was led by Smash Capital, with participation from Pelion Venture Partners and Cervin Ventures.
Redo valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2026 | Series B | $1.3B |
Redo Funding History
Redo has raised a total of $107M across 3 funding rounds.
Redo's first fundraising round was a $2M seed round in January 2022. The most recent completed round was a $81M Series B in June 2026.
Redo funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Series B | Smash Capital (lead); Pelion Venture Partners; Cervin Ventures | $81M | $1.3B | Redo raised $81 million in Series B funding at a reported $1.25 billion valuation in a round led by Smash Capital, with participation from Pelion Venture Partners and Cervin Ventures. The deal structure includes $81,000,000 in cash investment for equity, with no disclosed earn-out or stock components. Cervin Ventures participated as a co-investor alongside Smash Capital and Pelion Venture Partners, continuing its strategy of backing seed and early-stage enterprise stack startups. Financial terms were not disclosed. |
| Aug 2024 | Series A | Pelion Venture Partners (lead) | $24M | - | Redo is an eCommerce platform based in Draper, Utah, offering free software to merchants for automating returns, exchanges, in-store credits, support tickets, order tracking, at-home pickups, and package protection. Customers pay a fee for a 'warranty' enabling returns or exchanges, aligning merchant performance with Redo's success by reducing returns and boosting conversion and margins. The platform integrates with partners like Shopify and 3PLs, targeting the $800 billion eCommerce returns market. On August 20, 2024, Redo raised $24 million in a Series A round led by Pelion Venture Partners, with participation from Cervin Ventures, EPIC Ventures, Kickstart Fund, Tandem Venture Partners, and angels including Blake Murray, Alex Bean, Adam Edmunds, Ben Dahl, Jeremy Andrus, Mav Carter, Nate Walkingshaw, Jeff Burningham, and Jeron Paul. Co-founded by Tay Brown and Sterling Snow, who became CEO in September 2023 after serving as CRO at Divvy (acquired for $2.5B). The funds will accelerate development of additional products. The company emphasizes strong leadership, culture, and market opportunity in post-purchase eCommerce solutions. |
| Jan 2022 | Seed | Pelion Venture Partners (lead) | $2M | - | - |
Who has invested in Redo?
3 investors have backed Redo across its funding rounds, including Pelion Venture Partners, Cervin Ventures and Smash Capital.
Lead investors include Smash Capital and Pelion Venture Partners.
Redo Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jan 2022 | ||
This data is available for Pro users. Sign up to see all 3 Redo investors. Start Free Trial | ||||
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Start Free TrialRedo Competitors
Redo competitors include listed companies like Xinhua Winshare and Infomart, and private ones like Flexe, ShipBob, airSlate and Flipdish.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $1.7B | $248M | $1.9B | 0.4x | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1.3B | - | ||
| Publicly listed | $121M | $31M | $1.2B | 8.6x |
Redo Public Comps
Redo is still privately-owned, but its public comps include Freightways Group, Infomart, Lightspeed Commerce, Blue Dart Express, Dazhong Transportation, SBS Holdings, KLN Logistics Group, Irish Continental Group, Grindrod and Prosegur Cash.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $841M | $160M | 2.0x | 1.9x | 10.3x | 9.9x | |||
| $121M | $31M | 9.3x | 8.6x | 35.9x | 31.7x | |||
| $1.2B | ($13M) | 0.7x | 0.7x | (65.4x) | 11.0x | |||
| $640M | $98M | 1.9x | 1.8x | 12.6x | 16.1x | |||
| $332M | $132M | 4.8x | - | 12.2x | - | |||
| $3.2B | $226M | 0.6x | 0.5x | 8.5x | 7.2x | |||
| $7.2B | $561M | 0.3x | - | 4.2x | - | |||
| $768M | $173M | 2.1x | 2.1x | 9.3x | 9.3x | |||
This data is available for Pro users. Sign up to see all Redo competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Redo
| When was Redo founded? | Redo was founded in 2017. |
| Where is Redo headquartered? | Redo is headquartered in Salt Lake City, UT, United States. |
| Is Redo publicly listed? | No, Redo is a private, VC-backed company. |
| What is Redo's valuation? | Redo was last valued at $1.3B in its Series B in June 2026. |
| How much funding has Redo raised? | Redo has raised $107M across 3 funding rounds. |
| What was Redo's last funding round? | Redo's last funding round was a $81M Series B in June 2026, led by Smash Capital. |
| Who are Redo's investors? | Redo's investors include Pelion Venture Partners, Smash Capital and Cervin Ventures. |
| Which companies are comparable to Redo? | Companies comparable to Redo include Flexe, ShipBob, Xinhua Winshare, airSlate, Flipdish and Infomart. |
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