# EcoBag

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

- Industry: Power & Utilities
- Headquarters: Sweden
- Website: www.ecobag.se
- Total disclosed funding: $0.4M
- Latest round: Seed (Aug 31, 2008)
- Investors on record: 1

## About

EcoBag AB specializes in providing eco-friendly bag solutions, focusing on sustainability and customer satisfaction. Their products aim to reduce environmental impact while meeting the diverse needs of consumers and businesses alike.EcoBag AB is a company dedicated to offering sustainable bag solutions. Founded in Sweden, it has undergone no notable pivots or changes in its business strategy. The company is headquartered in Sweden and was founded by individuals whose specific background information is not available. EcoBag AB raised SEK 2.2 mn in a Seed funding round in 2008, with ALMI Invest as the investor, and this amount represents the total raised to date.The company's core offering includes a variety of eco-friendly bags designed to cater to both individual consumers and businesses. Their product range addresses the growing demand for sustainable alternatives to traditional packaging. By focusing on environmental considerations, EcoBag AB provides solutions that align with consumer values and contribute to reducing plastic waste. Their services are tailored to meet the needs of diverse customers, including promotional bags and reusable options, aimed primarily at markets in Northern Europe and the Scandinavian region.EcoBag AB reported a revenue of SEK 4,892,493.40 for the most recent year in 2005, generated primarily through the sale of eco-friendly bags and related services. Their revenue model focuses on direct sales to consumers and businesses, fostering a consistent customer base that values sustainability. The company's operations are characterized by a B2C structure, enhancing customer loyalty through reliable offerings.Looking ahead, EcoBag AB plans to enhance its product line with the introduction of new eco-friendly bag designs aimed at specific consumer needs by the end of 2009. The company intends to expand its market reach into new regions beyond Scandinavia, specifically targeting Western Europe. The recent Seed funding of SEK 2.2 mn from ALMI Invest will support these development initiatives and market expansion efforts, positioning EcoBag AB for future growth in the sustainable packaging sector.

## Funding rounds

- Seed, Aug 31, 2008, $0.4M — ALMI Invest

## Investors

- ALMI Invest — Seed