
iF Lastmile is a return management platform that transforms returns into exchanges and new sales, leveraging proprietary AI and a network of over 200,000 drop-off points. The company focuses on maximizing customer satisfaction and operational efficiency by offering omnichannel solutions, alternative refund methods, and real-time logistics control. Their technology aims to reduce the carbon footprint associated with returns while generating new sales through advanced analytics and customer engagement strategies. Established in January 2020 in Madrid, Spain, iF Lastmile positions itself as a leader in sustainable return solutions for eCommerce.

iF Lastmile is a return management platform that transforms returns into exchanges and new sales, leveraging proprietary AI and a network of over 200,000 drop-off points. The company focuses on maximizing customer satisfaction and operational efficiency by offering omnichannel solutions, alternative refund methods, and real-time logistics control. Their technology aims to reduce the carbon footprint associated with returns while generating new sales through advanced analytics and customer engagement strategies. Established in January 2020 in Madrid, Spain, iF Lastmile positions itself as a leader in sustainable return solutions for eCommerce.
What they do: Return management platform that turns returns into exchanges and new sales using AI and a large drop-off network
Headquarters / founding: Founded January 2020 in Madrid, Spain
Team size: Approximately 29 employees
Funding: Seed round announced Nov 11, 2022 (~€3.0M reported; total funding USD 4,920,000)
Investors: K Fund (lead) with participation from The Romeu Group, Lanai Partners, Inveready, Bergner
eCommerce returns and reverse logistics
2020
Logistics / Returns management / eCommerce
€3.0M (reported)
Participating investors reported: The Romeu Group, Lanai Partners, Inveready, Bergner
“K Fund led seed with participation from multiple VC/backers”