Penny Black, a London-based startup that personalizes e-commerce packaging, has raised £1.5 million in seed funding. The round was led by AGFA and ninepointfive, with participation from other investors.
The company will use the funds to expand its operations and reach new customers. Penny Black's technology helps e-commerce brands create personalized packaging that can be used to retain customers, increase customer lifetime value (CLTV), and build loyalty. The company's platform allows brands to create personalized campaigns and flyers that can be added to customer orders during the pick-and-pack process. Penny Black's technology is already being used by global fulfilment providers like Radial, Elanders, I-Fulfilment, and Schroeders. The company is seeing strong demand for its products, and it plans to use the new funding to accelerate its growth.
