# Woola OÜ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/woola-ou

- Industry: Packaging
- Headquarters: Estonia
- Website: www.woola.io
- Total disclosed funding: $2.8M
- Latest round: Seed (Dec 16, 2021)
- Investors on record: 1

## About

Based in Estonia, Woola OÜ specializes in innovative sustainable postal packaging solutions aimed at replacing environmentally damaging plastic materials with renewable resources, primarily utilizing waste wool for their production.Woola OÜ, founded in 2019 in Estonia, focuses on providing sustainable packaging solutions. The company has raised a total of EUR 2.5 mn in funding, with the most recent round in December 2023 led by Metaplanet Holdings, alongside Future Ventures and Lemonade Stand. Founders Jevgeni Širai and Katrin Kabun have established Woola to address the environmental impact of traditional packaging materials.Woola specializes in sustainable postal packaging solutions designed to replace environmentally harmful plastic materials. The company’s core offerings include wool envelopes, bubble wool, and custom packaging solutions tailored for industries such as cosmetics, eyewear, jewelry, luxury products, and small electronics. Their products are primarily marketed in Europe, with plans to expand into North America and parts of Asia as demand for eco-friendly packaging alternatives grows.In 2023, Woola generated revenue of EUR 190,550.20, while reporting an EBITDA of EUR -1,295,857.10 for the same year. The company operates a B2B model, focusing on custom orders for ecommerce and luxury retail clients, leveraging partnerships and bulk order transactions to enhance market reach.In December 2023, Woola OÜ raised EUR 2.5 mn in venture funding to expand its sales and marketing team. The company plans to enhance its product range with upcoming releases aimed at broadening its appeal and will target markets in North America by mid-2024. This funding will support their growth initiatives as they strive to meet increasing demand for sustainable packaging solutions.

## Funding rounds

- Seed, Dec 16, 2021, $2.8M — Future Ventures

## Investors

- Future Ventures — Seed