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Reusables.com Receives Investment from Sustainable Development Technology Canada

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Invested by SDTC through seed funds $100,000 To Vancouverzero waste
A platform for enhancing tracking technology

Vancouver, British Columbia, August 10, 2022 /PRNewswire/ – Reusables.com, the industry’s leading zero-waste packaging platform, $100,000 Seed investment from Sustainable Development Technologies Canada (SDTC), an independent federal foundation that funds Canadian companies developing new climate technologies. This investment from SDTC will allow Reusables to expand its IoT-enabled technology platform to help more food businesses transition to a circular economy in packaging.

Reusables’ technology-enabled platform for zero-waste packaging has emerged as an innovative solution to single-use plastic waste since its launch in 2021, creating a huge pipeline of opportunities with food retailers and packaging distributors. I have built a line. North America.Reusables are Ryan Holmes It acquired Manny Padda through LOI Venture and is currently raising a seed round to expand its network in the US. Canada.

Governments around the world are demanding that food businesses move away from single-use plastics to a more circular economy in packaging. In the United States, The Wall Street Journal reports that only 5% of plastic is actually recycled, and alternatives such as biodegradable or compostable plastic are being scrutinized. Large food companies such as Starbucks, Roblox, and Walmart have ambitious sustainability initiatives, and Reusables has created a turnkey solution to meet these goals.

“SDTC invests in pioneers in clean technology. has the potential to transform the environmental and economic prosperity of Canada,” Said Jason HawkinsCEO and co-founder of Reusables. “We are honored to have their support and look forward to a long-term partnership focused on impact.”

“To Seize the Opportunity of a Net-Zero Economy Canada, should support all stages of innovation. Seed companies like Reusables represent the next generation of sustainable solutions that pave the way for a greener future. SDTC is proud to help young innovative companies get their ideas off the ground. ”
Leah LawrenceSDTC President and CEO

Reusables was also recently accepted into the Canadian Technology Accelerator (CTA) for climate technology companies looking to expand and raise funding in the US.

About Reusables.com:

Reusables.com is the industry’s leading zero-waste packaging platform and technology solution to the single-use plastic waste problem. Reusables helps food companies and their customers transition to a circular economy by providing tracking technology and digital experiences that make reusable packaging easy. If you become a reuser, you can enjoy takeout from participating stores as much as you like without disposing of garbage in the container. Returns are managed through an easy-to-use app, and Reusables has partnered with industry-leading distribution and cleaning providers.

About Sustainable Development Technology Canada
At SDTC, we support companies trying to do extraordinary things. From initial funding to educational support, peer learning and market integration, we invest in helping small businesses grow into successful employers of Canadians. We work relentlessly to help companies grow and scale in an increasingly competitive marketplace. The innovations we fund help solve some of the world’s most pressing environmental challenges. climate change, regeneration through a circular economy, and human well-being in the natural environment that interacts with the communities in which they live.

Source Reusables.com

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