Reath raises £313k in pre-seed funding led by Techstart and CVC Philanthropy to develop its reuse data platform.
The pre-seed investment was led by Techstart and CVC Philanthropy to fund product development and team expansion.
Reath creates digital infrastructure and open data standards for reusable packaging systems. The company helps retailers transition from linear models to circular economies.
Edinburgh based Reath has secured £313k in pre-seed funding to develop its reuse technology and expand its team. The round was led by Techstart and CVC Philanthropy. The startup provides digital passports for packaging to help businesses track items and transition to zero-waste circular models. The capital will enable the firm to enhance its product features and accelerate its market position as demand for sustainable packaging infrastructure grows.
From the founder
"No single company is going to achieve circularity on their own; it relies on an ecosystem of partners working together. Sharing information within the ecosystem is a critical barrier to overcome, and that is what Reath offers to clients."
Claire Rampen
Co-founder at Reath
Use of funds
- 01Continue product development
- 02Grow the team