Voidless, a deeptech startup that innovates in the field of packaging production with the aim of solving the so-called phenomenon of overpackaging, the use of packages with dimensions exaggerated compared to the real need, announces that it has closed a seed round of 2.2 million euros led by CDP Venture Capital – through the Corporate Partners Fund I Industry Tech sector – and the Italian-French Venture Capital company 360 Capital. The two investors participated in the transaction by investing €1.1 million each. This round – which follows the pre-seed of €600,000 in July 2022 by 360 Capital – represents an important step for Voidless’ growth and will allow the startup to grow in the market with its next-generation box-on-demand machinery, designed to create boxes and packaging tailored to each type of shipment with extreme precision directly in warehouses, offering an effective and concrete solution to the problem of overpackaging. In addition, the capital injection will also support the consolidation of the Voidless team. Voidless systems can be easily integrated into any type of warehouse, where they allow each logistics operator to create in real time the box of the appropriate size for the object or good to be shipped. Voidless’ approach allows for significant optimization of the entire logistics chain, which results not only in a marked reduction in cardboard and filler material waste, but also in an improvement in transport efficiency. This translates not only into an advantage for logistics operators, who generate great economic savings at this stage, but also for the customer of the shipment.
Protection of the environment but also of the reputation of companies
Considering the growing general attention to sustainability, sending an oversized package today is in fact a detrimental element also to the brand’s image. With Voidless, end consumers can receive the tailor-made package, improving their shopping experience. “In addition to the benefits deriving from the reduction of overpackaging, Voidless systems allow another series of operational advantages for the warehouse itself,” explains Carlo Villani, CEO of Voidless in a note. In fact, the logistics operator verticalizes by producing the boxes in-house instead of buying them from third parties and this directly translates into an increase in flexibility, a simplification in procurement and the possibility of printing personalized messages or logos on each individual box, a key point for modern marketing”. With the growing volume of more than 170 billion parcels shipped worldwide in 2023 and a forecast of compound annual growth of more than 10% in the commerce sector over the next five years (source: Statista), Voidless is positioned as a key player in the packaging and logistics sector, which need a clear reduction in waste along the supply chain. Enrico Filì, Pprtner of the IndustryTech sector of the Corporate Partners I fund, CDP Venture Capital comments: “We think there is a great opportunity in the efficiency and decarbonization of logistics and packaging processes in which market operators driven by customer pressure must find solutions of immediate impact and flexible enough to adapt to the needs of companies of different sizes and growth rates; Voidless’ solution and its business model go in this direction. We are particularly happy to support a talented and young team like Voidless, which in a very short time has developed a product and won over its first customers”. Lucrezia Lucotti, partner at 360 Capital, says: “In less than two years, Voidless has managed to bring to market an innovative on-demand packaging solution that is easier to integrate and lower cost than existing solutions. We note how the strategy of companies is increasingly oriented towards a sustainable approach and oriented towards the end customer, who is increasingly attentive to environmental impact issues, all in line with the imperative of reducing packaging and transport costs. Congratulations to Carlo, Daniel, Guglielmo and Mattia for this result, which literally started from a garage near the Politecnico di Milano. There is still a lot of work to be done and we are happy to support them on this journey.”
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