Voidless, an Italian deeptech startup that has focused its activity on solving the overpackaging problem, announced the closing of a seed round of €2.2 million led by CDP Venture Capital – through the Corporate Partners I Fund – Industry Tech sector – and the Italian-French Venture Capital company 360 Capital. The two investors participated in the transaction by investing €1.1 million each.
This round – which follows the €600,000 pre-seed in July 2022 by 360 Capital – represents an important step for Voidless’ growth and will allow the startup to grow in the market with its next-generation “box on demand” machinery, designed to create boxes and packaging tailored to each type of shipment with extreme precision directly in warehouses. offering an effective and concrete solution to the problem of overpackaging. In addition, the capital injection will also support the consolidation of the Voidless team.
“In addition to the benefits deriving from the reduction of overpackaging, Voidless systems allow another series of operational advantages for the warehouse itself,” said Carlo Villani, CEO of Voidless. “The logistics operator verticalizes by producing the boxes in-house instead of buying them from third parties and this directly translates into an increase in flexibility, a simplification in procurement and the possibility of printing personalized messages or logos on each box, a key point for modern marketing”.
Voidless systems can be easily integrated into any type of warehouse, where they allow each logistics operator to create in real-time the box of the appropriate size for the object or good to be shipped. Voidless’ approach allows for significant optimization of the entire logistics chain, resulting in a marked reduction in cardboard and filler material waste and an improvement in transport efficiency. This translates not only into an advantage for logistics operators, who generate great economic savings at this stage, but also for the original sender itself.
Considering the growing general attention to sustainability, sending an oversized package today is also detrimental to the brand’s image. With Voidless, end consumers can receive a tailor-made package, improving their shopping experience.
With the growing volume of more than 170 billion parcels shipped in 2023 and a forecast of compound annual growth of more than 10% in the e-commerce sector over the next five years, Voidless is positioned as a key player in the packaging and logistics sector, which need a clear reduction in waste along the supply chain
Enrico Filì, Partner of the IndustryTech sector of the Corporate Partners I fund, CDP Venture Capital, commented: “We think there is a great opportunity in the efficiency and decarbonization of logistics and packaging processes in which market operators driven by customer pressure must find solutions of immediate impact and flexible enough to adapt to the needs of companies of different sizes and growth rates; Voidless’ solution and its business model go in this direction. We are particularly happy to support a talented and young team like Voidless, which in a very short time has developed a product and won over its first customers”.
Lucrezia Lucotti, Partner at 360 Capital, added: “In less than two years, Voidless has managed to bring to market an innovative on-demand packaging solution that is more easily integrated and low-cost than existing solutions. We note that the strategy of companies is increasingly oriented towards a sustainable approach and oriented towards the end customer (who is increasingly attentive to environmental impact issues), all in line with the imperative of reducing packaging and transport costs. Congratulations to Carlo, Daniel, Guglielmo and Mattia for this result, which started from a garage near the Politecnico di Milano. There is still a lot of work to be done and we are happy to support them on this journey.”
Read the orginal article: https://www.eu-startups.com/2024/02/milan-based-voidless-raises-e2-2-million-to-confront-the-overpackaging-problem-with-box-on-demand-solution/
