蹤獲弝け

Venture

Package Free Announces $4.5M Seed Round To Reduce Consumer Footprint

To show how we can live with less consumption, Lauren Singer was able to fit eight years worth of trash in a single mason jar including a clothing price tag, stickers from produce and festival bracelets.泭

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[Its] a symbol that demonstrates the possibility of living with little trace on the planet, she told 蹤獲弝け News. With our modern consumption patterns, most of us cant fit a days worth of waste in a trash can, let alone a year in a jar.

To inspire others to live a zero-waste lifestyle, Singer started Package Free in 2017. The 30-person company just raised a $4.5 million seed round led by s. Other firms participating in the round included Scooter Brauns , , and high-net worth individuals from and .泭

A [surprise] came through the fundraising process, which was an entirely new experience in itself, Singer told 蹤獲弝け news. As a female CEO in [my] 20s, it was interesting to see that there are so few women in decision-making roles within the VC space. Im grateful to have found and brought on some brilliant women as investors, but I realize that is not the case for many executives.

What The Company Does

New York-based Package Free offers a line of plastic-free and zero-waste everyday lifestyle products, ranging from bamboo toothbrushes and mason jars to natural tooth powder. Other products include a , and a . The seed round will be used to introduce more products, Singer said.泭

As for packaging, , the company states that it ships all items 100% plastic free in an upcycled or 100% post-consumer box with paper wrapping and paper tape.

The company stated that it has been cash positive and profitable since day one and gets sales from a brick-and-mortar Brooklyn storefront and its e-commerce site.泭

Package Free claims that through its products, it has diverted 75 million units of trash — including 20 million plastic bags, 15 million plastic straws, 1.5 million plastic water bottles, 1 million coffee cups, and 250k razors from landfills.Last week, . It was a stark, visual reminder that the climate crisis is an inter-generational pain point. And looking at the publics willingness to support efforts to be more sustainable, a company like Package Free could fit right into that demand.

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