We’re absolutely thrilled to continue supporting our portfolio company Paccurate, who recently announced an oversubscribed $8.1M Series A led by High Alpha, with participation from Tech Square Ventures, HPA, Grand Street Ventures, Springtime Ventures, and Royal Street Ventures.
The company is tackling a problem that anyone who’s ever received an oversized Amazon box for a relatively undersized item would be familiar with. With the global e-commerce market shipping over 160 billion parcels annually, inefficient packaging choices result in excessive material waste, increased carbon emissions, and inflated logistics expenses from suboptimal shipping and warehousing.
Paccurate’s solution addresses these challenges head-on with a parcel intelligence platform built to optimize packaging. The software drives significant cost and sustainability improvements for brands and 3PLs by leveraging factors like size, weight, and unique item requirements to determine the optimal packing instructions. Their simulation product, PacSimulate, allows shippers to proactively identify and analyze how different carton mixes impact operational efficiency.
Since our initial investment in the summer of 2023, Paccurate’s platform usage has grown exponentially from processing ~1M monthly shipments to almost the same amount per day. Part of this comes from the fact that their timing couldn’t be better.
With e-commerce demand higher than ever and recently announced EU regulations mandating a maximum “space ratio” of 50% for packaging, Paccurate’s technology helps companies comply with increasingly stringent environmental regulations while maximizing operational efficiency. The incentives align perfectly. The team has also continued to grow (20 people strong now!) and deepen their strategic expertise, with recent hires including Greg Walls as VP of Revenue and Chelsea Tarr as Head of Marketing.
We couldn’t be more excited to be a part of Paccurate’s journey and look forward to seeing what this next chapter of growth has in store for them. Congratulations to the entire Paccurate team on reaching this milestone!
To learn more about Paccurate and to explore open roles, visit their website.
