Packmatic closes seed financing round
The Berlin-based packaging start-up receives a mid-single-digit million sum, with HV Capital leading the seed financing round.
Paul Schraven, Jonas Boland, Tobias Linnardi and Matthias Geiss founded the start-up Packmatic as recently as January 2021. Now, they have convinced already well-known investors in their seed financing round: the Berliners are receiving a mid-seven-figure sum from HV Capital and several business angels, including the founders of Zalando.
Packmatic offers a marketplace for product packaging where medium-sized companies can look for suppliers for their packaging. The startup also offers to review each new customer's current packaging to make it more sustainable. Currently, the Berlin-based company is working with 60 packaging manufacturers, with a target of 100 by the end of 2021. For this year, Packmatic expects a turnover in the single-digit million range; next year, it should increase to a double-digit million sum.
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