# Packmatic

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

- Industry: Packaging
- Headquarters: Berlin, Germany
- Website: www.packmatic.io
- Total disclosed funding: $16M
- Latest round: Series A (Nov 22, 2023)
- Investors on record: 11

## About

Based in Germany, Packmatic GmbH is a manufacturer that specializes in optimizing packaging procurement through a sophisticated platform connecting businesses with suitable suppliers.Packmatic GmbH, founded in 2021 in Berlin, Germany, focuses on enhancing packaging procurement processes. The company has completed 2 deals, with the latest being a Series A funding round on November 22, 2023, in which they raised EUR 15.000 mn led by EQT and supported by other investors including Alvio GmbH and HV Capital. The founders are Jan Muhle, Jonas Boland, Matthias Geiss, and Paul Schraven, with Jonas Boland serving as CEO.Packmatic specializes in optimizing packaging procurement through a sophisticated platform that connects businesses with the most suitable suppliers. Their core offerings include a comprehensive database for supplier matching based on specific packaging requirements, allowing clients to reduce costs by an average of 16%. Services also involve consulting and technical specification support from experienced packaging engineers, ensuring tailored solutions for diverse industries such as e-commerce, food and beverage, cosmetics, and pet food. While primarily operating in Germany, their solutions have applicability in various international markets.Packmatic generates revenue through a business-to-business (B2B) model that streamlines the packaging sourcing process. Clients engage in structured transactions starting with a kickoff call to outline packaging needs, followed by a supplier matching process that leads to tailored offers. The company operates on a project basis, with clients paying for consulting and matching services, along with implementation support fees based on project complexity. This structure enables long-term partnerships, allowing for ongoing support and price monitoring to ensure sustainable cost savings and optimal supplier relationships.In November 2023, Packmatic GmbH raised EUR 15.000 mn in Series A funding led by EQT, aimed at broadening its market presence in Europe. The company plans to utilize the funding to expand its offerings and enter new geographic regions, enhancing its services and supplier networks to cater to a wider client base.

## Funding rounds

- Series A, Nov 22, 2023, $16M — EQT, HV Capital, xdeck.ventures, Mercutio GmbH, Juwel 225. V V GmbH, La Plata GmbH, Manoa Ventures GmbH, Roskopf Ventures GmbH, ROMM Holding GmbH, Lino GmbH, Alvio GmbH
- Seed, Sep 12, 2021 — HV Capital

## Investors

- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Seed, Series A
- EQT (https://capitalatlas.ai/funds/eqt) — Series A
- xdeck.ventures (https://capitalatlas.ai/funds/xdeck-ventures) — Series A
- Mercutio GmbH — Series A
- Juwel 225. V V GmbH — Series A
- La Plata GmbH — Series A
- Manoa Ventures GmbH — Series A
- Roskopf Ventures GmbH — Series A
- ROMM Holding GmbH — Series A
- Lino GmbH — Series A
- Alvio GmbH — Series A