Based in Edinburg, Reath is a startup working towards creating a digital infrastructure for reusable packaging. It has secured a fundraise of nearly US$ 430K in a pre-seed funding round on August 25 2021, led by the early-stage VC firm Techstart and CVC Philanthropy, the impact investment arm of CVC Private Equity.
Fund Utilisation
Set to undertake pollution produced by everyday single-use items, Reath aims to operate by helping organisations turn from a linear economy to a circular economy. The Three-year-old startup welcomes the latest venture when the recent figures from UK statistics on waste disclose that in 2020 the UK swelled up to 12.6 million tonnes of packaging waste alone.
Reath has come up with a pioneering Open Data Standard for the same. The female-founded startup helps businesses deliver sustainable models and zero-waste, utilising unique ‘digital passports’ that are assigned to individual products.
These ‘digital passports’ will revolutionise the way companies monitor and store data required for adopting compliant, safe, and reusable packaging systems. It allows companies to control how the packaging can be reused proactively.
What the founders have to say
Co-founder of Reath, Emily Rogers, said: The power of personal choice is immeasurable, but as a consumer, there is not much you can do when your choice is between bad and bad. Raising this current funding round means that Reath can continue to empower companies giving consumers better options: reuse rather than throw them away. TechStart and CVC understand this urgency and the need for innovation and are excited to welcome them as partners as they continue to develop market-leading products. “
Co-founder of Reath, Claire Rampen, said: “We are very pleased to partner with Techstart and CVC Philanthropy in the Pre-Seed Round. Our ambition is to find a world-leading partner with early-stage corporate expertise and connections with retailers worldwide. Together, Techstart and CVC cover both of those foundations. Their support drives us towards our goal of reducing waste and extending the life of our items. I am looking forward to it.”
About Reath
Established in 2019 by Claire Rampen and Emily Rogers, Reath is a software platform that lets businesses adopt safe, compliant, scalable reuse systems fit for the 21st century—designed with inputs from companies operating reuse systems and the nation’s environmental and health & safety regulators. Reath focuses on helping the users capture data and efficiently opt for their best suitable reusable packaging. It uses that same data to maintain compliance with regulatory standards like batch codes or optimise the systems. With the core focus is on the packaging, during COVID-19, the startup recently received grant funding to adapt its system to reuse PPE, which the company co-designed with the NHS. For more information, please visit https://reath.id/.
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