Friendlier Secures $5M to Accelerate Nationwide Expansion
Summary
Company Aims to Help Businesses Transition from Single-Use Plastic to Reusable Packaging SolutionsToronto, ON, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Friendlier, a Canadian leader in the reusable packaging industry, is thrilled to announce a successful seed extension raise to further its mission of helping businesses transition from single-use to reusable packaging.The successful closure of a $5 million funding round was led by Relay Ventures and Garage Capital, with support from experienced founders and operators.The funding infusion will accelerate Friendliers path to scale, with a focus on strengthening its sales team to meet growing demand and establishing new facilities in Guelph and Vancouver. Many companies had already started transitioning away from single-use plastic in response to consumer demands and in preparation for the impending ban.While the ban would help us capture the market that is resisting change away from single-use packaging, many brands are committed to improving the sustainability of their packaging regardless of the federal regulations, says Kayli Dale, CEO, Friendlier. "In a world where environmental consciousness is paramount, Friendliers innovative solutions are not just alternatives; they are catalysts for a sustainable future. We are delighted to continue supporting Friendlier as they make a measurable impact on the environment.After just three years in market, Friendlier recently celebrated a significant milestone of reusing one million containers, which is the equivalent of 127,000 pounds of plastic waste, 370,000 pounds of CO2 emissions, and 8 million litres of water saved compared to single-use packaging. Their high-quality reusable food containers, simple app to claim deposits, and convenient returns makes it easy for users to enjoy their favorite meals, without the waste.