[Funding alert] Berlin-based Packmatic Secures €15 Million in Series A Round Funding

The new cash will allow Packmatic to carry out its ongoing growth across Europe. It will also finance more software investments and the hiring of top industry personnel, which will help the company advance to the next phase of its development.

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The packaging industry, which is projected to be worth €1 trillion worldwide, is difficult for suppliers and customers to navigate because of the high degree of supply side fragmentation and low level of digitalization.

Every product organisation faces significant variable cost issues with packaging, but buyers must navigate a convoluted market where suppliers' sales channels are frequently manual, regional, and antiquated in this "made-to-order" sector.

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Because of this, clients find it hard to choose the best providers for their packaging requirements, and packaging frequently represents a very inefficient cost line with enormous untapped savings potential.

Matthias Geiss, Co-Founder and Managing Director at Packmatic, commented: “The packaging market has long been overlooked and underserviced – packaging is integral to supply chains and yet the sourcing process is slow and disjointed, which is especially painful for SMEs. Packmatic’s data-driven platform delivers meaningful cost savings and efficiencies to customers, while helping them to meet their environmental goals. With demand for responsible packaging solutions rising rapidly as businesses race to decarbonise across every stage of the value chain, Packmatic is promoting industry change with a solution that is cost-effective, efficient, and helps companies to reduce their plastic and carbon footprint.”

Rania Belkahia, Partner at EQT Ventures, added: “The European packaging market boasts an impressive valuation, but remains opaque, fragmented, and crucially, largely non-digital. Packmatic’s platform provides a unique solution– a cost-effective, fully digital marketplace championing the shift to low-carbon packaging. We’re excited to be partnering with founders Matthias, Jonas, and Paul, and believe Packmatic’s business fundamentals could not be better aligned with the current macro environment. With pricing pressures rising on companies in every industry and sustainability at the top of the global agenda, the company’s tech platform is perfectly poised to disrupt the market and become a category leader.”

About Packmatic

Founded in 2021, Packmatic has created a fully digital one-stop shop for packaging, enabling companies to quickly and easily connect with over 300 packaging providers throughout Europe in order to address market dysfunction.

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The platform pairs up big FMCG brands, industrial firms, and medium-sized product companies with high-quality, customised, and specialised packaging suppliers on an individual basis. This often results in cost savings for the customers of the platform of more than 15% and sustainable alternatives, which are frequently out of reach for many businesses.