Paccurate, a New York-based packing intelligence platform for parcel shippers, has raised $8.1 million in Series A funding.
Investors
The round was led by High Alpha and included participation from Tech Square Ventures, Grand Ventures, Hyde Park Angels, Las Olas Venture Capital, Springtime Ventures, and Royal Street Ventures.
High Alpha is a B2B SaaS venture firm founded in 2015 and based in Indianapolis, IN. The firm creates and funds B2B SaaS companies, partnering with founders to build businesses that reach their full potential.
Paccurate Use of Funds
With the new funding, Paccurate plans to enhance its platform features, establish partnerships with key solution providers, and expand its customer base.
About Paccurate
Paccurate is a packing intelligence platform designed to help parcel shippers optimize their packaging processes. The platform uses patented technology to analyze and suggest packing solutions for shipments, aiming to reduce shipping costs, minimize waste, and enhance sustainability efforts. Paccurate provides real-time recommendations on optimal packing sizes and methods based on various cost factors, such as carrier rates, labor, and materials. Companies such as Daily Harvest, Our Place, and Barrett Distribution Centers have utilized Paccurate’s solutions.
Funding Details
Company: Paccurate, Inc.
Raised: $8.1M
Round: Series A
Funding Date: October 2024
Lead Investor: High Alpha
Additional Investors: Tech Square Ventures, Grand Ventures, Hyde Park Angels, Las Olas Venture Capital, Springtime Ventures, Royal Street Ventures
Company Website: https://paccurate.io/
Software Category: Cartonization Solutions
Source: https://www.businesswire.com/news/home/20241022336513/en/