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Founded Year

2018

Stage

Series C | Alive

Total Raised

$287M

Valuation

$0000 

Last Raised

$40M | 8 mos ago

Revenue

$0000 

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-34 points in the past 30 days

About Route

Route focuses on the electronic commerce experience, specifically in the post-purchase domain. The company offers a suite of tools, including visual tracking, one-click package protection, and tailored brand discovery, to help in the customer's experience after making a purchase. It primarily serves the electronic commerce industry. The company was founded in 2018 and is based in Lehi, Utah.

Headquarters Location

1441 West Innovation Way Suite 200

Lehi, Utah, 84043,

United States

724-946-2113

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Expert Collections containing Route

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Route is included in 3 Expert Collections, including E-Commerce.

E

E-Commerce

11,142 items

Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).

S

Supply Chain & Logistics Tech

4,139 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

U

Unicorns- Billion Dollar Startups

1,257 items

Route Patents

Route has filed 7 patents.

The 3 most popular patent topics include:

  • graphical user interface elements
  • banking technology
  • cryptocurrencies
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/21/2021

10/25/2022

Graphical user interface elements, Graphical user interfaces, Graphical control elements, Graphical user interface testing, User interfaces

Grant

Application Date

12/21/2021

Grant Date

10/25/2022

Title

Related Topics

Graphical user interface elements, Graphical user interfaces, Graphical control elements, Graphical user interface testing, User interfaces

Status

Grant

Latest Route News

Route’s State of Ecommerce Report: Gen Z to Lead Holiday Spending Surge as ‘Wardrobing’ Trend Grows

Nov 19, 2024

On Nov 19, 2024 The research indicates that a single negative experience after checkout can cause shoppers to stop shopping with a brand—while 97% say it’s the retailer’s responsibility to solve shipping issues Route , the leading post purchase experience platform known for its shipping protection, package tracking, and instant issue resolution, released its inaugural State of Ecommerce Report. This 2024 report provides a comprehensive look at how post purchase interactions—from delivery reliability to return policies—are influencing consumer loyalty and shaping the future of ecommerce. In an era where customer expectations are at an all-time high, Route’s latest report underscores the critical importance of easy, convenient, customer-focused post purchase experiences. Today’s consumers, especially Gen Z, expect swift issue resolution, transparency, and reliability—qualities that can make or break brand loyalty. The report reveals that negative experiences, like lost packages or complicated returns, have the potential to end customer relationships, even if the issue is beyond the brand’s control. “The post purchase experience is perhaps the best example of how customer expectations have completely changed ecommerce,” said Michael Yamartino, CEO of Route. “Today, a single negative experience after checkout can derail a customer’s relationship with a brand, sometimes permanently. That’s why we’re releasing the State of Ecommerce Report, which provides powerful, fresh insights into how consumers feel not just about their post purchase interactions, but about the state of ecommerce at large. I encourage every brand to consider the implications of our findings, not only as benchmarks but as opportunities for growth and differentiation.” Key findings include: Consumer spending for Black Friday and Cyber Monday 2024 is expected to remain steady across most age groups, with a notable exception: Gen Z. About one quarter (26%) of Gen Z shoppers indicate they plan to spend more this holiday season than other generations do—a rate twice the average across all age groups. This generation’s enthusiasm for online shopping, driven by deals, promotions, and targeted advertising, is reshaping holiday ecommerce trends. “Wardrobing,” or purchasing items with the intent to return them after short-term use, is increasingly common among younger generations. Nearly 40% of Gen Z shoppers report engaging in this practice, compared to only 16% of Baby Boomers. Driven by social media culture and economic pressures, wardrobing has created new challenges for retailers, who are now exploring machine learning tools to detect fraudulent returns. A single negative experience post purchase can lead to customer attrition. According to Route’s findings, 28% of consumers would stop shopping with a retailer altogether if they encountered a lost or damaged package, while 97% of shoppers expect retailers to offer automatic refunds or replacements when shipping issues arise. Write in to  psen@itechseries.com to learn more about our exclusive editorial packages and programs.

Route Frequently Asked Questions (FAQ)

  • When was Route founded?

    Route was founded in 2018.

  • Where is Route's headquarters?

    Route's headquarters is located at 1441 West Innovation Way, Lehi.

  • What is Route's latest funding round?

    Route's latest funding round is Series C.

  • How much did Route raise?

    Route raised a total of $287M.

  • Who are the investors of Route?

    Investors of Route include Jaws Capital, Madrona Venture Group, Craft Ventures, Hanaco Ventures, Granger Management and 11 more.

  • Who are Route's competitors?

    Competitors of Route include Wonderment and 8 more.

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Compare Route to Competitors

P
PAQATO

PAQATO provides after-sales e-commerce solutions that focus on the post-purchase experience for online retailers. The company offers a platform that includes personalized shipping notifications, a tracking page within the retailer's website, and an automated returns portal, aimed at improving customer interactions. It was founded in 2015 and is based in Munster, Germany.

Narvar Logo
Narvar

Narvar specializes in post-purchase customer engagement within the retail industry. Its main offerings include solutions for order tracking, delivery notifications, and management of returns and exchanges, designed to enhance customer loyalty and increase lifetime value. Narvar's platform serves a broad range of sectors within the retail industry, providing tools to streamline the post-purchase experience for both businesses and consumers. It was founded in 2012 and is based in San Mateo, California.

S
Shipsurance Insurance Services

Shipsurance Insurance Services is a provider of shipping insurance for a variety of carriers in the insurance sector. The company offers discounted insurance coverage for parcels, accommodating both domestic and international shipments, and integrates with major shipping carriers. Shipsurance provides a streamlined electronic claims management system designed to process claims rapidly and efficiently. It was founded in 2003 and is based in Woodland Hills, California.

Trove Logo
Trove

Trove operates as an electronic commerce platform that focuses on providing branded reselling solutions. The company offers services that enable brands to generate revenue from incorporating trade-in technology that identifies, routes, and issues credit for any pre-worn item. It facilitates a new circular business model. It primarily sells to the electronic commerce industry, particularly brands looking to incorporate resale into their business model. It was formerly known as Yerdle. It was founded in 2016 and is based in Brisbane, California.

R
ReverseLogix

ReverseLogix provides a returns management system for the retail, e-commerce, manufacturing, and 3PL sectors. The company offers a platform that facilitates returns, processing, managing repairs, and analyzing data. ReverseLogix serves these sectors with its solutions. It was founded in 2014 and is based in Burlingame, California.

I
If Returns

If Returns specializes in returns management. The company offers a platform that provides alternatives to traditional returns, aiming to facilitate exchanges and logistics through proprietary artificial intelligence (AI) and a network of over 200,000 drop-off points. If Returns primarily serves the eCommerce industry, providing solutions that address operational costs and environmental impact. It was founded in 2020 and is based in Madrid, Spain.

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