Lillii RNB, an emerging leader in ecommerce returns management, is the latest addition to the Bronze Valley investment portfolio. Based in Atlanta, the firm helps clients — including Fortune 500 companies, leading global retailers, and government agencies — increase revenue while improving customers’ retail experience. Lillii RNB’s products deliver solutions in the areas of point of sale (POS) systems, data analytics, fraud prevention, and IT staffing.
“Lillii RNB has demonstrated tremendous potential for continued growth,” said Neill S. Wright, president and CEO of Bronze Valley. “Bronze Valley is pleased to help ensure that the company is positioned to take full advantage of the opportunities before it.”
According to Lillii RNB founder and CEO Barbara Jones, the investment from Bronze Valley will help enhance the company’s “best in breed” Returns Management Applications (RMAs). Specifically, it will be used to add integrations into Lillii RNB’s Freeing ReturnsTM application.
“We are excited to join the Bronze Valley portfolio of companies,” Jones said. “Their platform was recommended to us by several corporations, as well as by other Bronze Valley portfolio companies.”
Bronze Valley’s investment in Lillii RNB comes through support from Synovus. Gloria C. Banks, executive vice president and chief ethics and compliance officer for Synovus, said the investment is in keeping with the bank’s community mission.
“Synovus is proud to support the vital work of Bronze Valley through this direct investment in its platform, which provides capital, advisory services, and other resources to technology startup companies founded by diverse people of color and women,” Banks said. “This investment is one of many ways Synovus supports our local communities and helps strengthen the economy.”
Founded in 2013, Lillii RNB is a Woman Veteran Owned Small Business (WVOSB). The company is recognized as one of the top System Integrators in the retail business.
On September 21, Lillii RNB was announced as one of 50 startups nationwide that will receive funding from the Google for Startups Black Founders Fund. Two other Bronze Valley portfolio companies, Acclinate and Mixtroz, are also part of the new Google cohort.
Bronze Valley is a non-profit, early-stage venture investment platform that supports high growth innovation and technology-enabled companies created by diverse, underrepresented, and underestimated founders. Bronze Valley is also certified as a Community Development Financial Institution (CDFI). Its mission is to create an education-to-opportunity-to-outcome pipeline for communities that are underrepresented in technology and industries where innovators are creating the future.