Weesp, the Netherlands-based Tiny Library, a rental platform for baby and children’s equipment, announced that it has secured €1.4M in funding from impact investors ROM InWest, Rabobank, and Rabo Foundation.
Existing investors, including Stichting ifund and Shamrock Ventures, also participated in the funding round.
The Dutch company will use the funds to scale up the company further.
Tiny Library: Baby equipment rental
Julie Munneke-Tromp, a mother of three young kids, started Tiny Library in 2020. She was surprised by how much baby stuff she needed, only to use it for a short time.
Living in a small space made it difficult, and she wanted a more sustainable solution. Unable to find one, she created Tiny Library to share baby items easily and reduce waste.
Tiny Library is a rental platform for high-quality baby and children’s equipment.
Through this platform, parents can rent everything they need for children between the ages of 0 and 5.
After use, the products are professionally cleaned, checked, and, if necessary, repaired in the company’s warehouse.
As a result, consumers save 50-70% of the new price and around 10-30%
on buying via Marktplaats, but above all, contribute to a more sustainable future for their children.
Julie Munneke-Tromp says, “Our ambitions are big: we are here to make the baby market more sustainable. We will use the growth money to further professionalise and scale up our new refurbishment centre in Weesp, where we refurbish strollers and other children’s products ourselves and, if necessary, repair them. In addition, we want to optimise our tech platform, making it even more user-friendly. Also, we’re going to offer a wider range so that we have a suitable offer for every phase from cribs to bikes. We are committed to ensuring that renting baby equipment will become the norm by 2033.”
Munneke-Tromp adds, “We have grown considerably in the past year. Tiny Library’s revenue, customers, and brand partners have doubled. More than 10,000 parents have already chosen to rent their children’s equipment from Tiny Library, and the range has expanded to more than 550 products from 60 premium brands.”
The investor
ROM InWest is the regional development company for North Holland.
Janet Nieboer, CEO of ROM InWest, says, “ROM InWest sees Tiny Library as an entrepreneur who professionally helps young parents make a sustainable choice without sacrificing quality.
Because Tiny Library makes it possible to rent baby and children’s equipment instead of buying it, it contributes to the circular economy.”
Read the orginal article: https://siliconcanals.com/news/startups/dutch-tiny-library-bags-1-4m/
