Tiptapp funding news – Stockholm-based Tiptapp Raises €1 Million in Funding

The Tiptapp app helps urban dwellers live better lives by matching those in need of assistance with moving, recycling, or delivery of goods with others who have extra room in their cars. Tiptapp not only streamlines daily logistics but also encourages sustainability, which helps to significantly lower CO2 emissions by minimizing the need for one-time car trips.

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It intends to use the additional funds to start a number of focused marketing initiatives aimed at raising brand recognition and user adoption in Berlin. These initiatives will expand upon the business's established performance in social media, events, and out-of-home advertising—all of which have been observed in its other markets, which include Sweden, the UK, and Portugal.

Tim Bjelkstam, CEO and Co-Founder of Tiptapp said, “We’re proud to already be a profitable company, which gives us the flexibility to choose the best funding strategy to support our growth, This €1 million loan is specifically earmarked for amplifying our marketing efforts in Berlin, ensuring that we can reach more users while maintaining our company’s vision and ownership.”

In order to make recycling easier for Berliners, it has worked with Berliner Stadtreinigungsbetriebe (BSR), the top waste management firm in the city, for more than two years and with more than 140.000 downloads nationwide.

Through this partnership, citizens may easily get rid of unwanted objects via the Tiptapp platform, making the city cleaner and less reliant on cars. This partnership's success in Berlin also provides a model for extending comparable services throughout the German and other European markets.

Mariam Koorang, Head of Germany at Gilion said, “As a fellow Berliner, I am thrilled that we are supporting Tiptapp as they take a significant step towards a greener, better, and cleaner Berlin. Tiptapp empowers residents to responsibly dispose of unwanted items, reducing waste and promoting recycling right from our doorsteps. Through close collaboration with local partners like BSR, they are not only streamlining waste management but also strengthening our community’s commitment to sustainability,”.

About Tiptapp

Tiptapp was introduced in 2016 and has since developed into a reliable marketplace that has facilitated over 1.27 million pickups throughout Europe. Because of the platform's strong dedication to sustainability and community development, 774,000 car trips have been avoided annually, saving roughly 51 tons of CO2 emissions.