Packmatic operates a digital marketplace and software platform that aggregates paper-based and plastic packaging suppliers to serve enterprise customers. Its network includes over 300 packaging suppliers across Europe and it positions itself as a one-stop shop for large companies and FMCG brands. The company says customers use the platform for cost savings, sustainability, and packaging management, claiming up to 15% cost savings for customers. Packmatic reports enterprise customers spend roughly €200,000 on the platform to find better suppliers across Europe. The startup plans to use new capital to push further into European markets. The raise comes amid a broader surge in interest in sustainable packaging as the global packaging market is valued at as much as €1 trillion.

Total raised

$16M

Funding rounds

1

Latest round

Series A

Latest activity

Jan 2024