Packmatic, a Berlin, Germany-based digital packaging marketplace and one-stop shop for product companies seeking to optimize their packaging processes, has secured €15 million in Series A funding.
SaaS Investors
The round was led by EQT Ventures, with participation from HV Capital, xDeck, and angel investors.
Founded in 2015, EQT Ventures is a venture capital firm based in Stockholm, Sweden, that prefers to invest in seed-stage, early-stage, and later-stage companies. The firm seeks to invest in information technology and SaaS sectors across Europe and the United States.
Packmatic Use of Funds
The company will use the funds to support its expansion in Europe, with a focus on software development and acquiring industry talent.
About Packmatic
Founded in 2021, Packmatic is a digital product packaging platform that sources packing solutions. The platform connects businesses with over 300 packaging suppliers across Europe, offering a one-stop solution that improves cost transparency and efficiency in the packaging sourcing process. The platform individually matches large FMCG brands and industrial companies as well as medium-sized product companies.
Funding Details
Company: Packmatic GmbH
Raised: €15.0M
Round: Series A
Funding Month: January 2024
Lead Investors: EQT Ventures
Additional Investors: HV Capital, xDeck
Company Website: https://www.packmatic.io/
Software Category: Sources Packing Solutions
Source: https://www.eu-startups.com/2024/01/berlin-based-packmatic-lands-e15-million-to-scale-its-b2b-digital-packaging-platform-across-europe/