Munich-based reusable packaging provider Recup/Rebowl has raised approximately €12 million in its current financing round to further expand its Germany-wide reusable system for to-go packaging. Along with existing shareholder Müller Medien, the Blueworld Group, Summiteer, and GLS Bank are participating.
"As a pioneer, we have been proving for many years that reusable packaging works in the hospitality industry, and together with our partners, we are making a significant contribution to waste prevention. We will use the additional capital to consistently expand our market leadership in the restaurant and delivery service sector and to offer our partners, such as takeaway customers, a comprehensive, sustainable, and long-term, well-thought-out reusable solution."
so Florian Pachaly, co-founder of Recup. He continues:
"Thanks to existing and new financing partners in this growth financing, we can ideally further develop our infrastructure for the mandatory reusable offering in the catering industry from January 2023."
“Recup: Simple solution for a gigantic problem”
Rigbert Fischer, founder of Blueworld Group, says about the current financing round:
"The gigantic environmental problem of single-use waste requires a long-term, sustainable, and readily available solution. Recup/Rebowl has made this very approach its mission and is already making a significant contribution to avoiding packaging waste in Germany's take-away and delivery restaurants. We are pleased to accompany and sustainably support Recup/Rebowl's mission and (re)use approach in the long term."
Compulsory reusable offering from 1 January 2023
Recup/Rebowl now claims to have nearly 12,000 affiliated partners, including cafés, restaurants, company canteens, gas stations, kiosks, and snack bars. The company thus offers a solution for the mandatory reusable packaging requirement, which will come into force on January 1, 2023. From this date at the latest, cafés, restaurants, and other catering establishments with a retail space of over 80 square meters or more than five employees, as well as chain stores, will be required to offer their customers a reusable alternative to single-use packaging for to-go drinks and takeaway food.
