We’re excited to be joining in the oversubscribed $3.5M seed round in Paccurate alongside Tech Square Ventures, Royal Street Ventures, Spring Time Ventures, Grand Ventures, FirstMile Ventures, Cannell Venture Partners and others.
Paccurate has developed a packing and cartonization API platform for the shipping industry. The company’s patented technology suggests the optimal packing methodology for every shipment, reducing waste, reducing costs and item damage for shippers of all sizes. Unlike legacy solutions that only utilize 3D simulation and limited variables, Paccurate accounts for critical external factors like labor, material and complex carrier rates to create a truly cost-optimal packing solution. With a lightweight API, Paccurate is an easy drop-in upgrade to existing systems, supplying users with dynamic, real-time suggestions in a short time.
With Paccurate, businesses have packing instructions in milliseconds integrated with warehouse management systems through an API.
The company optimizes more than 1 million shipments per month and has helped customers save millions of dollars in shipping, cardboard and filler costs. As a result, Paccurate’s technology is not only a powerful cost-saving solution, but also a tangible way for companies to reach their ESG goals, helping businesses cut SCOPE-3 emissions by over 15%.
James and Patrick have a nuanced understanding of their customer’s problems with a shared passion and expertise in logistics; we are thrilled to be working with the Paccurate team.
With this fundraise, the company plans to expand their team with several key hires in marketing, product, sales, and customer success.
Check out Paccurate’s website to learn more about what they’re working on and to find their job postings. LOVC is excited to partner with Paccurate and look forward to supporting them in addressing the waste and costs of cartonization issues.