The London startup has raised £150k from the British Design Fund to support the commercial launch of its PluumoPlus thermal packaging.
"The investment from the British Design Fund is going to be instrumental in our ability to manufacture our first units of PluumoPlus and get them into the hands of our existing waiting list, which includes some of the largest pharmaceutical and life science logistics companies in the world. The next 12 months will see us focused on optimising production and further product development, based on client demand"
The Seed round was led by Adjuvo with participation from Haatch Ventures, Unbundled VC, and multiple angel investors.
"Until now, receipts have represented nothing but waste and a wasted opportunity. We’re transforming the humble receipt from its static, destined-for-landfill status into a data-rich source of customer insight. The response we’ve seen from our early adopter retail partners says it all: our software drives engagement and unlocks valuable customer data. We’ve seen huge spikes in everything from email sign-ups to app downloads for the brands using our software. This investment will enable us to work with more retailers, make our products even more impactful, and prevent billions of receipts from heading to landfill."
The Doncaster platform secured its second investment round from backers including the Finance Yorkshire fund to scale operations.
"We’re delighted to have reached this next stage of growth in our journey to transform the procurement process in the construction industry. This investment will allow us to scale up, achieve extended growth, and begin creating efficiencies throughout the entire built environment supply chain."