Germany’s Boomerang raises €1.9M to offer reusable shipping packaging solutions

Hamburg-based Boomerang, a reusable shipping packaging company, has raised nearly €3M in a fresh round of funding. 

Following a pre-seed round of €1.1M in 2022/23, the current round attracted investment through the crowd-investing platform “Companisto”, where over €850K was raised from more than 400 investors, surpassing the €750K target by €100K. 

Additionally, at least two other investors have contributed to the funding.

In a statement translated from German, Marc Engelmann, founder and CEO of Boomerang, says, “With Companisto, we were finally able to meet the needs of the many interested parties from the small investor environment and involve them in our success story.”

“We were also able to significantly expand our network with other investors and are now benefiting from a very strong group of investors.”

Capital utilisation

With the newly raised capital, Boomerang plans to expand its sales, IT, and product development efforts while advancing its vision of more environmentally friendly shipping. 

The company also aims to raise an additional €500K through authorised capital by the end of the year.

Christian Putz, founder and COO of Boomerang, says, “Through our seed round, we received an important signal from the market: ‘Reusable packaging is relevant and an exciting business case’.”

“We are now taking up this signal and will continue to expand Boomerang as the market leader in the reusable packaging sector!”

Reusable shipping packaging

Founded in 2022 by Marc Engelmann and Christian Putz, Boomerang offers sustainable logistics solutions featuring a complete reusable system for shipping packaging.

Boomerang uses an intelligent deposit model and a return logistics system, allowing packaging to be reused up to 50 times. This approach helps online stores enhance their sustainability profile, reduce costs, and contribute to the circular economy by cutting CO2 emissions.

The company develops and operates software solutions including a digital deposit system, and provides physical packaging options like flexible PACKS and robust BOXES.

As a full-service provider, Boomerang delivers integrated solutions from a single source, serving over 60 customers and partners, including two major German companies with annual revenues exceeding €1B.