Assago (MI), 6 February 2024 - Receiving excessively large packages – a phenomenon known as overpackaging – has become a common and frustrating experience for many consumers. Voidless, a deep tech start-up focused on solving this problem, today announced the closing of a 2.2 million euro Post-Seed round led by CDP Venture Capital through its Corporate Partners I Fund, IndustryTech sub-fund, and Italo-French venture capital firm 360 Capital. The two investors participated in the round investing 1.1 million euro each. This round – which follows the 600,000 euro pre-seed round in July 2022 by 360 Capital – marks a key step in Voidless’s growth and will allow the start-up to grow in the market with its new-generation “box on demand” machines designed to create precise, tailored boxes and packaging directly in warehouses for all types of shipments, offering a tangible, effective solution to the overpackaging problem. The capital injection will also support the strengthening of the Voidless team.

Voidless systems can be easily integrated into any type of warehouse, enabling logistics operators to create the right-sized box for any object or item being shipped in real time. Voidless’s approach enables significant optimisation of the entire logistics chain, resulting not only in a marked reduction in cardboard and filler waste, but also in improved transport efficiency. This benefits not only logistics operators, who can achieve substantial savings at this stage of their operations, but also the shipment’s addressee. 

Given the growing public focus on sustainability, shipping oversized packages today also damages brand reputation. With Voidless, end consumers can instead receive a perfectly sized parcel, improving their shopping experience.

"In addition to the benefits of reducing overpackaging, Voidless systems offer a range of operational advantages for the warehouse itself", explained Carlo Villani, CEO of Voidless. "Indeed, the logistics operator becomes vertically integrated by producing boxes in-house instead of buying them from third parties. This translates directly into greater flexibility, simplified procurement and the ability to print personalised messages or logos on every box – a key asset for modern marketing".

With over 170 billion parcels shipped globally in 2023 and a projected compound annual growth rate of more than 10% in the e-commerce sector over the next five years (source: Statista), Voidless is positioning itself as a key player in the packaging and logistics sector, where there is a clear need to reduce waste throughout the supply chain.

Enrico Filì, Partner of the IndustryTech sub-fund of the Corporate Partners I fund, CDP Venture Capital remarked that "We believe there is a major opportunity to improve the efficiency and decarbonisation of logistics and packaging processes. Under pressure from customers, market players must find solutions with immediate impact that are flexible enough to meet the needs of companies of different sizes and growth rates. This is where the Voidless solution and its business model come into play. We are especially pleased to support a talented, young team like Voidless, which in a very short time has developed a product and secured its first customers".

Lucrezia Lucotti, Partner at 360 Capital said "In less than two years, Voidless has brought to market an innovative on-demand packaging solution that is easier to integrate and lower in cost than existing solutions. We’re seeing companies increasingly adopt a sustainable, customer-focused approach – one that reflects growing awareness of environmental impact – in keeping with the imperative to cut packaging and transport costs. So congratulations to Carlo, Daniel, Guglielmo and Mattia on this achievement, which literally started in a garage near Milan Polytechnic. There’s still a lot of work to be done, and we’re happy to support them on this journey”.

For this transaction CDP Venture Capital was advised by the Dentons law firm (Antonio Legrottaglie), 360 Capital was assisted by Galaw - Giovannelli e Associati (Paola Cairoli, Gianvittorio Giroletti Angeli and Camilla Lanzafame), and Voidless was supported by Startuplegal (Fabio Azzolina).