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Newgistics picks up $16.5 million

Newgistics said Wednesday it received a $16.5 million second round of funding. Investors included Austin Ventures, Spiegel-Hermes General Service, R.R. Donnelley & Sons and AV Labs. Austin, Texas-based Newgistics provides software and services to the retail industry. The company manages retailers' product returns and logistics. See complete list

Newgistics said Wednesday it received a $16.5 million second round of funding. Investors included Austin Ventures, Spiegel-Hermes General Service, R.R. Donnelley & Sons and AV Labs. Austin, Texas-based Newgistics provides software and services to the retail industry. The company manages retailers' product returns and logistics.

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