More money for reusable items: The sum of 1.5 million euros collected at the beginning of the year Hey Circle was able to raise another €500,000. This brings the startup, which aims to make e-commerce more sustainable with its reusable shipping system, to two million euros. Existing investors such as Capacura and Gateway, as well as new business angels, participated in the second closing.
"We are very pleased that other partners want to join us in this journey. More and more investors are focusing their investments on impact startups that are doing something for the climate. In our case, this also applies to Waste prevention is a very tangible topic – for consumers and investors alike. They see the potential for Hey Circle's reusable shipping solution,"
says Doris Diebold, founder and managing director of Hey Circle.
The fresh capital will be used to expand the IT and sales teams and to scale production. With the first part of the financing round, the startup has already placed a large production order for the shipping boxes. Delivery is scheduled for summer 2024.
The boxes, available in five different sizes, will receive a range of design adjustments tailored to customer needs and logistics. The new XXL box will also be launched this year. Hey Circle also aims to further improve its existing environmental footprint by using recycled materials.
CTO Morris Kurz explains:
"The bags and boxes, which can be reused over and over again, are part of the Hey Circle solution. We also support online retailers with the complete integration of reusable offerings into the online shop, ensuring that the packaging is recycled, and tracking the CO2 savings."
