Funding

Claimlane funding news – Copenhagen-based Claimlane Secures €1.8 Million in Seed Funding

May 28, 2024 | By Startup Rise EU

Claimlane, a startup leading returns and claims management platform for brands and retailers that sell physical products, secures €1.8 million in seed funding led by Vendep Capital to accelerate our growth in the UK and mainland Europe.

Claimlane, a startup leading returns and claims management platform for brands and retailers that sell physical products, secures €1.8 million in seed funding led by Vendep Capital to accelerate our growth in the UK and mainland Europe.

SUMMARY

  • Claimlane, a startup leading returns and claims management platform for brands and retailers that sell physical products, secures €1.8 million in seed funding.
  • This round was led by Vendep Capital to accelerate our growth in the UK and mainland Europe.

With the support of the funding, they will be able to move more quickly towards their product vision, which will assist furniture and lifestyle firms in streamlining and automating their intricate backend procedures for managing returns and warranty claims.

From 2019, when they had to work quickly to produce their first product in order to work with their first client, GANNI, it has gone a long way. Subsequently, they have welcomed companies like Hummel, Matas, Rains, and Søstrene Grene to establish themselves as Denmark's top solution for simplifying claims and difficult return procedures.

Read also - ZTLment funding news – Fintech Startup ZTLment Secures €2.4 Million in Total Pre-Seed Funding

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Anders Sommer-Larsen, CEO at Claimlane said, “Today, brands and retailers still largely rely on spreadsheets and emails to manage the processes around product returns, faulty products, and delivery issues. This includes all processes; Internal, with consumers, warehouses, b2b partners, manufacturers and distributors. We aim to automate communication and processes throughout the entire value chain and deliver excellent experiences for all stakeholders. It’s a massive opportunity,”.

The fundraising comes after a successful 2023 in which Claimlane more than doubled its sales. Following recent partnerships with companies like Matas, Silver Cross, and Tonies, the company expects additional acceleration in 2024.

he money will be used to support it's global expansion. Expanding throughout Europe, and specifically the UK, Claimlane is building on its dominant position in Denmark. Recently, Claimlane established an office in the United Kingdom, recruited its first employees, and closed its first UK clientele, which included FFX, The Hut Group, and Cult Furniture.

Furthermore, Claimlane intends to expand their platform to further interface with the backend systems of businesses, enabling even more automation and time savings.

Timo Felin, Investment Director, Vendep Capital said, “After seeing what the Claimlane team has achieved in Denmark, we are excited to support them in their global expansion. Customer-centricity and ambition are driving forces in this team, so we look forward to seeing their vision for the B2B return handling space come to life,”.

About Claimlane

Claimlane is a leading returns and claims management platform for brands and retailers that sell physical products. More than 8000 brands and retailers use Claimlane to streamline their returns processes and improve their bottomline.

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