Clear Returns raises £220k from Angels Den, Angel Academe, and Scottish Investment Bank to expand operations.
The funding will be directed towards growing the sales team and developing the company software.
Share allotment filed at Companies House
Clear Returns provides a retail analytics platform that uses predictive data to help merchants reduce product returns. The company counts major retailers such as Argos and Gilt Groupe among its customers.
Clear Returns has raised £220k to expand its sales team and further develop its retail analytics technology. The funding was sourced from Angels Den, Angel Academe, and the Scottish Investment Bank seed fund.
Founded by Vicky Brock, the Glasgow-based firm provides software that monitors customer return patterns to help retailers identify unpopular items and understand consumer behaviour. The company currently employs eight staff and recently secured a contract with Scottish fashion retailer M&Co.
From the founder
"The product scores customers on what they keep, not on what they buy. Companies get a better understanding of what their consumers want and like,"
Vicky Brock
CEO at Clear Returns
Use of funds
- 01Grow the team
- 02Continue product development
Investors
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About the company
Clear Returns
Clear Returns provides predictive analytics to help retailers reduce product returns and protect profit margins.