White Star invests $10m in Packhelp

Existing investors Speedinvest, ProFounders, Market One Capital and VentureFriends founder Apostolos Apostolakis also took part in the round.

The fresh capital will be used to support the company's international expansion.

Previous funding
Kogito Ventures and Moven Ventures led a €350,000 seed round for Packhelp in 2017, before Speedinvest, ProFounders, Market One and Apostolakis joined to inject a further €2m in 2018.

Company
Packhelp was founded in 2015 and is headquartered in Warsaw. It allows users to design and order customised paper and cardboard packaging with a minimum batch size of 30 pieces. It currently employs 60 people and claimed to have quadrupled its revenues in 2018. Its larger customers include BMW, Google and H&M.

People
Packhelp – Arkadiusz Wasilonek, Konrad Kwiatkowski, Maciej Woźniczko, Maciej Zając, Patryk Kabaj, Wojtek Sadowski (co-founders).

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• Topics
• Expansion
• CEE
• Industrials
• Poland
• Venture