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Next on SeedBlink: CupLOOP | CleanTech, Estonia, Seed | Join the Pitch & Q&A
Estonian Start-Up Envisions a Future without Plastic Waste.
Despite the rise of sustainability and reusability and the EU's legislative activities against disposable plastics, many programs still have trouble with the last mile.
CupLOOP is an Estonian firm founded in 2018 by Marek Suchazevski that aims to make recycling reusable cups, containers, and packages simpler and more effective. With asset tracking, deposits, and immediate reimbursement, they are revolutionizing takeout reusable containers with tags and tag chips.
Why we love CupLOOP
- Leverages hardware to sell their software and financial solutions to make returning reusable containers as convenient as tossing away disposable ones.
- Powerful legal tailwinds as European countries are moving towards banning disposable packaging.
- Backers: Pipedrive and Bolt founders and the president of the Estonian BAN.
- Traction: 30 machines sold in more than 6 countries, 100,000 euros in FY2022, with strong pipeline for next 12 months.
- The Market size of the global returnable packaging is $104.9Bn in 2021, expected to reach 141.7 billion by 2026.
- Sustainable startups are having momentum in Europe. 35% of European VCs shifted towards social and environmental impact starting 2022.
We invite you to evaluate CupLOOP's upcoming deal. They'll be giving a presentation on their business, followed by a Q&A.
PublishedMarch 09, 2023
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