# Boomerang Systems UG

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/boomerang-systems

- Industry: Packaging
- Headquarters: Hamburg, Germany
- Website: www.boomerangpack.eu
- Total disclosed funding: $1.2M
- Latest round: Seed (Aug 15, 2023)
- Investors on record: 6

## About

Based in Hamburg, Germany, and founded in 2022 by Marc Engleman, Catherine Kreutzer, and Christian Putz, Boomerang Systems UG provides recyclable shipping bags that primarily serves mail-order businesses. In July 2022, Boomerang Systems UG raised an undisclosed amount of venture funding from individual investors.

The company offers reusable shipping bags and a deposit system. The customer has to deposit 3 EUROS for each shipping bag and after returning those bags to the company customers will get a refund of their deposits. The firm shipping bags can be reused up to 50 times which eliminates the packaging waste and reduces CO2 emissions. 

The company generates its revenue by charging 3 EUROS as a deposit for each of its shipping bags.

The company will use the July 2022 funding to support the launch of the "packaging revolution" in e-commerce.

## Funding rounds

- Seed, Aug 15, 2023, $1.2M — BeAI, FIVE Investments GmbH, Jonnielias Beteiligungsgesellschaft mbH, DOCH Ventures GmbH, Moin VC 1 GmbH, FS Life Science Investment GmbH

## Investors

- BeAI (https://capitalatlas.ai/funds/beai) — Seed
- FIVE Investments GmbH — Seed
- Jonnielias Beteiligungsgesellschaft mbH — Seed
- DOCH Ventures GmbH — Seed
- Moin VC 1 GmbH — Seed
- FS Life Science Investment GmbH — Seed