Packoorang

Overview
Smart Packaging Tech?
Product stageSegments
Go-to-Market
?
Reusable packaging
?

Packoorang, a Norwegian packaging provider, offers reusable packaging solutions to ecommerce and logistics industries. The company specializes in developing reusable packaging solutions, including mailer bags and pallet covers made from 100% recycled materials. It has a patent-pending waterproof design that comes in all shapes and sizes and is known for its durability, weather resistance, and shock-absorbing properties, and is developed to replace single-use plastics and cardboard, providing an environmentally friendly alternative that can be reused over 100x. Notably, Packoorang not only provides reusable mailers but also manages the reverse logistics of these mailers, including returning them from collection points to the company. Customers can also earn rewards and discounts for returning the reusable bags. In addition, the company incorporates a secure locking mechanism and aims for its solutions to be 100% carbon offset.

As of March 2024, Packoorang claimed that its reusable bags increased operational efficiency by 35 seconds per shipment, potentially saving 833 labor hours annually. The company also claimed that its bags conformed to the shape of the contents, saving up to 30% in shipping costs and freeing up significant storage space, adding that 1 million shipments could potentially save customers EUR 50,000 (~USD 54,500) or more.

Key customers and partnerships

As of February 2024, its customers across Europe included Decathlon, OneMed, Innovation Norway, PostNord, and Papyrus.

Funding and financials

The company had reportedly raised funding from Pinecone Ventures and secured support from the Norwegian Government through government grants. Packoorang also received support from Kjeller Innovation, a renowned Norwegian incubator, to launch its first pilot in Oslo, Norway, in 2022, and planned to expand to several European cities.


HQ location:
Rådhusgata 26 Oslo NOR
Founded year:
2019
Employees:
1-10
IPO status:
Private
Total funding:
USD 250.0 k
Last Funding:
USD 250.0 k (Seed; Apr 2022)
Last valuation:
-
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