Calum brings venture capital and founding experience, having previously led Seed Haus and invested at Techstart Ventures. He currently serves as founder of Tanis Labs.
The seed round was led by Techstart with participation from international funds and angel investors.
"We are proud of the partners we have brought on board during this funding round, because they are dedicated to supporting us in our mission to eradicate single-use plastic waste. With this funding, we are building tools that will help businesses create sustainable packaging strategies to meet changing customer demands, legal requirements, and show the economic return that reusable packaging can generate. Our goal is to show businesses that environmental choices are also economic ones and this funding is a crucial step towards that goal."
The seed round was led by LAUNCHub Ventures with participation from Lunar Ventures, Techstart, and 7% Ventures.
"We are amassing the largest 3D product repository in retail, aiming to reach over 100,000 products this year. The sky’s the limit: a streamlined process of adding any existing product to our database in minutes is in place,"
Tiger Global led the Series A round to support team expansion in the United States.
"Cloudsmith was built to tackle the complexity of managing software assets, which is a key challenge for any company to secure their software supply chains. Our service allows our customers to track and control the distribution of any software asset and provides tooling to minimize the risks of utilizing open-source software. It’s a massive problem for the whole industry and our investors, led by Tiger Global, understand the need for a fully managed cloud-native solution that Cloudsmith provides."
The pre-seed investment was led by Techstart and CVC Philanthropy to fund product development and team expansion.
"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."
The seed round was backed by Scotmid Coop, Techstart VC, and Scottish Enterprise to fund platform development and recruitment.
"2020 sent shockwaves through the high street, and nothing will ever be the same. Having worked in retail for 20 years, this has made me even more ambitious with our plans for growth over the next 18 months."
