Latvian PrintOnPack.com raises 450,000 EUR

PrintOnPack.com, the soft packaging marketplace startup, has raised 450,000 EUR from SuperHero Capital to reform the industry, which largely still functions manually, relying on in-person sales and spreadsheets for pricing calculations.

PrintOnPack.com‘s platform makes it possible to search for sustainable packaging materials, such as recycled or biodegradable packaging. It has onboarded over 120 soft packaging providers to give consumers transparent information about where they can produce and for what prices, and receive offers without picking up the phone. In just over a year, PrintOnPack.com has processed more than 500 requests from 10 countries and helped to order over 3 million packages.

“Right now, printing services are discovered through trade shows, prices are calculated in spreadsheets, and orders co-ordinated through phone calls. Because of the hassle to request an offer, businesses rarely change their packaging producer, even though prices and materials may be superior elsewhere. We’re making it easier to get information, and make the best choice for your business, and for the environment,” says Ingars Zagorskis, Co-founder and CEO of PrintOnPack.com.

The investment was secured from Finland-based SuperHero Capital. They invest in Finnish and Baltic startups, are industry-agnostic, and this is the fund’s first investment in a Latvian business.

“One thing we look for at SuperHero Capital is superheroes. Those are teams with some superpower, like special industry know-how. PrintOnPack.com really know their playing field, and since so many processes are still done manually, it’s clear that it’s ripe for disruption,” says Ernests Stals, SuperHero Capital.

The startup aims to extend the shift to sustainable practices to manufacturers themselves. Through communicating the demand for eco-friendly packaging to the providers, various companies are already looking into implementing sustainable options to appease the startup clientele’s requests. By the end of the year, they plan to grow the team to 40 people, develop their platform, and increase the order volumes and revenue.

Source: labsoflatvia.com