Seel secures $17M round to infuse AI in customer product returns

Product returns remain a headache for many e-commerce companies. Some have gotten creative in how they approach it — for example, Amazon formed relationships with Kohl’s and Stein Mart for in-person returns, while PayPal acquired returns provider Happy Returns. Seel’s return option example. Image Credits: Seel Aiming to give merchants more control over this, Seel, … Read more

Harry’s files paperwork for fresh $139.9M financing

A year after the FTC blocked Harry’s from getting acquired by Edgewell Personal Care, the direct-to-consumer razor startup raised $155 million in Series E financing to give it a $1.7 billion valuation. Now, months later, Harry’s filed paperwork indicating that it has raised another nine-figure cash tranche. SEC filings show that Harry’s has raised $139.9 … Read more

Doordash co-founder and CEO joins Meta’s board of directors

Doordash co-founder and CEO Tony Xu has joined Meta’s board of directors, the Facebook parent company announced on Tuesday. Xu has served as CEO of Doordash since 2013 and was appointed the company’s board chair in November 2020. Meta says Xu’s appointment is effective immediately. Xu’s appointment brings the total number of people on Meta’s … Read more

Novo, the SMB neobank, nabs $90M at a $700M valuation

Novo, the startup building a new kind of banking service from the ground up for small and medium businesses, has closed a significant round of funding to take the next step in growing its platform. It has raised $90 million, a Series B round that values the Miami-based startup at $700 million, funding that it … Read more