Paccurate Raises $8.1MM Series A
Paccurate is thrilled to announce a major milestone on our mission to reduce the costs and waste of parcel shipping: An $8.1MM Series A led by High Alpha!
Why now?
We’ve seen growing adoption of advanced cartonization in recent years, but 2024 brought an explosion of interest. Well-packed boxes were once a “nice to have”; suddenly, they’re a core requirement. We strongly believe that in 2025, every parcel shipper will need a Packing Intelligence Platform to remain competitive, alongside other core systems like an OMS, ERP, and WMS. Here’s why:
- Parcel fulfillment costs continue their unrelenting climb, and have become more complicated.
- Shifting demographics have created a consumer base that is intolerant of waste, and much more likely to churn because of it.
- Governments are getting involved with bad packing - the EU passed sweeping “empty space ratio” laws, and New Jersey recently became the first US state to pass similar legislation.
- For years cartonization was considered a single step in the fulfillment process, but no longer. Shippers are starting to leverage it in their shopping carts, OMS, WMS, WES, and in automation hardware like autonomous mobile robots (AMRs) and on-demand packaging machines.
The “cubing” math in existing solutions isn’t enough to address all of the above issues anymore. A more robust Packing Intelligence Platform is required. It must be able to predict costs, instruct humans, and drive hardware. It must be able to tell procurement teams what box and mailer sizes to buy to minimize costs. It must, with high confidence, measure the potential impact of changes to SOP or adoption of automation, and it must help shippers prepare for—and adhere to—emerging regulatory compliance.
The Mission Matters
Every year, there are over 160 billion parcel shipments delivered around the world. Most of them are packed inefficiently, leading to massive amounts of wasted packaging material, and unnecessary vehicle journeys over land, air, and sea. In addition to considerable reductions to material and transportation costs, efficiently-packed shipments have an outsized impact on carbon emissions. It’s one area of fulfillment where there’s no compromise between sustainability and budget - they’re completely aligned. It’s why we’re so passionate about this problem area and inventing new tools to fix it.
The Ecosystem
Solving the packing problem can’t be done in a bubble. Cartonization can be leveraged to great effect in many of the disparate systems involved in fulfillment. It’s why Paccurate leans into partnerships and integrations. With the new Paccurate Enabled™ program, any solution provider can leverage our patented cartonization engine to fill the (cartonization) gap. Most importantly, shippers can be confident that their packing logic is consistent across disparate systems.
Our Investors
Paccurate has been fortunate to partner with great investors that believe in our mission, and this recent round of funding continues that trend. The Series A was led by High Alpha, with participation from Tech Square Ventures, Grand Ventures, HPA (Hyde Park Angels) and more. We want to also give a shout out to Royal Street Ventures, First Mile Ventures, the Stevens Group, and all the other investors that have shown unwavering support in recent years.
The Team
Paccurate was co-founded in 2018 by Chief Executive Officer, James Malley, and Chief Technical Officer, Pat Powers. Together, they’ve assembled a 20-person, and growing, organization of smart and creative problem solvers who are passionate about making an impact on the supply chain, and the world, for future generations.
Customers
Lastly, we want to thank our customers. Real collaboration is what allows Paccurate to invent new solutions to emerging problems, and we have the pleasure of working with some of the most innovative brands and 3PLs on the market. Thank you for pushing us further, and for singing our praises publicly! Together, we will make the supply chain greener.
Read the full press release here.