Arrive Recommerce, which aims to help retailers manage and streamline the process of reselling returned items, announced $16 million in funding to address this problem, bringing its total funding to $25.1 million. The Santa Monica-based startup has already amassed a list of clients that includes Yeti, Burton Snowboards, the maternity brand Blanqi, and the premium home goods brand The Citizenry. This latest funding round was co-led by Javelin Venture Partners and Climatic VC, with participation from other funds including Maersk Growth, Sidekick VC, Cosmic Venture Partners and Freestyle VC.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 To help retailers to sell their returned items, Arrive Recommerce's software assigns a unique serial number to every returned item, which allows the retailer to store data about the condition in which it was returned and the corresponding price. The item is then linked back for resale in the brand's storefront. "Retailers know that they need to move returns through their supply chain quickly in order to increase the possibility of a resale," said Tom Enright, a researcher at Gartner who focuses on supply chain in the retail industry. But retailers sometimes see little point in wrangling the process required to resell them at less profitable, "pre-owned" prices.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     "That's where Arrive Recommerce comes in. The re-sales they help process average 60% of their original price. That's great for retailers and for Arrive Recommerce, which has increased revenue by some 430% compared to this time last year. When retailers decide not to both resell returned items, there are additional climate costs. "We're filling up landfills with fast fashion that's returning at a higher rate than ever," said Tony Sciarrota, executive director of Reverse Logistics Association. By reselling products, Arrive Recommerce's technology can also help retailers reduce this waste. Retailers "are able to divert these products from landfill to now being sold again," said Arrive Recommerce CEO and co-founder Ross Richmond.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            IRENE BENEDICTO - FORBES