Milan-based startup Movopack, which offers reusable, circular packaging solutions to reduce waste and CO2 emissions in e-commerce, has raised €2.3 million in funding to transform the industry. The round was led by 360 Capital, with backing from Greiner Innoventures GmbH and Techstars.
- Founded in 2021 by Tomaso Torriani, Alberto Cisco, and Andrea Cipollone, Movopack creates reusable packaging solutions for e-commerce. Their durable, circular packaging replaces single-use alternatives, helping to reduce waste, lower carbon emissions, and enhance product protection and logistics efficiency.
- The startup claims that Movopack's durable, recycled-material packaging can be reused up to 20 times, resulting in a 76% reduction in water consumption, 80% less energy usage, and an 84% decrease in CO₂ emissions.
- Trusted by over 100 companies, including Pretty You London, Yamamay, Deha, Eco Store, GreenPea, and Fluyda, Movopack is helping businesses adopt more sustainable practices.
Details of the deal
- 360 Capital, a French venture capital firm focused on early-stage deep tech and digital startups across Europe, led the fresh funding round. In October, 360 Capital raised €30 million for the first closing of its early-stage fund, 360 Digitaly, which aims to support Italian startups in their digital transformation.
- The investment was also supported by Greiner Innoventures GmbH and Techstars, an active pre-seed investor assisting startups with funding, mentoring, getting customers, hiring process, and choosing the proper infrastructure.
- Movopack will use the €2.4 million in funding to expand into the UK, its first market outside Italy. The funds will help address the packaging waste crisis and support UK retailers in adopting sustainable, circular packaging solutions.
"This milestone helps accelerate our mission defined since our inception: making reusable packaging the standard in e-commerce," Movopack's team, commented on LinkedIn.
