Paccurate, a New York-based cartonization platform for shipping and fulfillment optimization, raised $3.5M in funding.
The round was led by Tech Square Ventures, with participation from Las Olas Venture Capital and Royal Street Ventures, SpringTime Ventures, Grand Ventures, FirstMile Ventures, and Cannell Venture Partners.
The company intends to use the funds to drive expansion and development of its solution.
Led by CEO James Malley, Paccurate provides patented technology that suggests the optimal packing methodology for every shipment, reducing waste, reducing costs and item damage for shippers of all sizes. It take into account critical external factors like labor, material and complex carrier rates to create a cost-optimal packing solution. With a lightweight API, Paccurate supplies users with dynamic, real-time suggestions in a short time.
The company optimizes more than 1 million shipments per month and has helped customers save millions of dollars in shipping, cardboard and filler costs.
FinSMEs
11/08/2023