# Penny Black Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/penny-black-technology

- Industry: Marketing/Advertising
- Headquarters: London, UK
- Website: www.pennyblack.io
- Total disclosed funding: $3.3M
- Latest round: Seed (Sep 5, 2023)
- Investors on record: 2

## About

Based in London, UK, and founded in 2021, Penny Black Technology Ltd operates as a provider of an unboxing platform to offer packaging solutions for companies operating in the e-commerce marketplace. In September 2023, Penny Black Technology Ltd raised GBP 1.5 million in seed funding from Agfa-Gevaert Group and Ninepointfive.    

The marketing and packaging company through its software platform connects eCommerce stores, marketing tools, fulfillment operations, brands, and their customers to deliver personalized messages to build brand loyalty and lasting connections between brands and their customers. As the rise of e-commerce means that packaging is the only physical contact brands have with their customer the firm engages with e-commerce marketers to create personalized campaigns and flyers that can be added to customers’ orders during the pick-and-pack process.

The company generates its revenue by offering its digital marketing platform as a service at a cost of GBP 2,500 for 3-months of the trial period, which includes 10,000 prints, hardware implementation in retailers' fulfillment centres, Procurement of print resources (ink and paper), etc.

The company plans to use the September 2023 funding to expand its operations and business reach.

## Funding rounds

- Seed, Sep 5, 2023, $1.9M — Ninepointfive, Agfa-Gevaert Group
- Seed, Oct 25, 2022, $1.5M — Ninepointfive, Agfa-Gevaert Group

## Investors

- Ninepointfive (https://capitalatlas.ai/funds/ninepointfive) — Seed
- Agfa-Gevaert Group — Seed