Sorainen Estonia has helped Cuploop attract a EUR 550,000 investment from a group of investors, including Martin Henk, Martin Tajur, Ragnar Sass, Andrus Purde, and Lev Dolgatsjov, among others.
Cuploop is a Tallinn-based developer of a reusable packaging circulation system.
According to Sorainen, the investment will will be used to develop a market-ready hardware and software solution aimed at solving the problem of packaging waste and create a recycling system for reusable packaging. According to the firm, Cuploop previously obtained EUR 100,000 in funding from the Estonian Environmental Investment Centre and angel investors in order to develop the first product prototypes.
Sorainen’s team included Partner Toomas Prangli, Counsel Lauri Liivat, and Associate Marit Kukk.