# Algramo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/algramo

- Industry: Hardware
- Headquarters: Santiago, Chile
- Website: www.algramo.com
- Total disclosed funding: $11M
- Latest round: Series A (May 13, 2021)
- Investors on record: 9

## About

Algramo, based in Santiago, Chile, is a company that innovates sustainable consumption through smart reusable packaging and a refill platform, promoting circular economy practices.Founded in 2012 in Santiago, Chile, Algramo focuses on revolutionizing consumption with an innovative refill platform. The company has successfully completed four deals, with its most recent funding round occurring on May 13, 2021, in which it raised USD 8.5 mn in Series A funding led by Dalus Capital and joined by several other investors. The founder, Jose Moller, has a history of entrepreneurial ventures, contributing to Algramo's unique business model.Algramo specializes in a circular consumption model that focuses on providing sustainable packaging solutions through its innovative refill platform. The company’s core product is its smart reusable packaging, which utilizes RFID technology to track refills and monitor environmental impact. Customers create an Algramer profile to access various dispensers that recognize these smart packages, enabling them to conveniently refill their favorite products. Algramo's offerings cater primarily to urban consumers, emphasizing sustainable consumption habits. The product range includes cleaning supplies, pet food, and hygiene products, with plans for future expansion into additional categories. Algramo operates in multiple geographical markets, including Chile and the UK, aiming to reach broader international audiences.Algramo generates revenue through the sale of products in reusable packaging, charging customers for the packaging only upon the initial purchase. Subsequent transactions involve customers paying solely for the product itself, enabling savings of up to 30%. The company's financial model includes direct-to-consumer sales via its app and physical dispensers in various locations, promoting repeat purchases while minimizing waste. Algramo’s transactions reflect a commitment to economic and environmental sustainability, aligning with its mission to transform consumption habits.In May 2021, Algramo raised USD 8.5 mn in Series A funding, with plans to utilize this to expand its business globally. The company is focused on designing and launching new products, although specific release dates are not detailed. Additionally, Algramo aims to penetrate new markets beyond Chile and the UK to reach a broader international audience.

## Funding rounds

- Series A, May 13, 2021, $8.5M — University Venture Fund, FEMSA, ImpactAssets, Angel Ventures, Volta Ventures, Closed Loop Partners, Dalus Capital, Century Oak Ventures
- Seed, Sep 1, 2019, $2M — Closed Loop Partners, Sky Ocean Ventures

## Investors

- Closed Loop Partners (https://capitalatlas.ai/funds/closed-loop-partners) — Seed, Series A
- Sky Ocean Ventures (https://capitalatlas.ai/funds/sky-ocean-ventures) — Seed
- University Venture Fund (https://capitalatlas.ai/funds/university-venture-fund) — Series A
- FEMSA — Series A
- ImpactAssets — Series A
- Angel Ventures (https://capitalatlas.ai/funds/angel-ventures) — Series A
- Volta Ventures (https://capitalatlas.ai/funds/volta-ventures) — Series A
- Dalus Capital (https://capitalatlas.ai/funds/dalus-capital) — Series A
- Century Oak Ventures (https://capitalatlas.ai/funds/century-oak-ventures) — Series A