If there has ever been a start-up idea that perfectly suited its zeitgeist, it was the reusable, intelligent shipping box from Livingpackets. The Franco-German start-up claims to have found a solution for the rapidly growing volume of packaging waste that the e-commerce boom has brought with it – especially since Corona.
The team around founder Alexander Cotté has been working on the idea for four years, and the box has now been developed to such an extent that mass production should be possible as soon as next month. A cost-intensive undertaking, especially since more than 100 employees apparently already work for Livingpackets.
The company is taking an unusual approach to financing: It is looking for sponsors who will contribute with amounts between 50 and 25,000 euros and who are promised to participate in future company profits – until they have quintupled the capital employed. More than 10 million euros are said to have been collected from several thousand small investors.
What criticized the Bafin? And what do investment experts think of the Livingpackets offer? You can read that today on Finance Forward, the new finance portal from Personal-Financial.com and OMR. You can register for the daily newsletter here.