Details

Last Funding Type

Funding Round

Industries

A/B Testing,CleanTech,E-Commerce,Food Delivery,Internet of Things,Market Research,Packaging Services,Retail,Sustainability

Founded date

Feb 15, 2018

Number Of Employee

1 - 10

Operating Status

Active

Purcell opens a new sales channel for the products we buy every day. By 'packaging at purchase' we offer an alternative to prepackaged products boosting profits in stores, increasing shopper savings and reducing food-related waste.

Purcell rethinks how products are moved and sold at a fundamental level. The concept of 'packaging at purchase' offers an operational process improvement comparable to IKEA popularizing flatpack. Flatpack furniture streamlined supply chains and made them the giant they are today. Purcell does the same thing IKEA did with furniture, but to the products we buy every single day. We believe 'packaging at purchase' holds the potential to be the most meaningful innovation in food retail since the barcode was adopted in the 1970s.

Ultimately, Purcell will enable profitable online fulfillment. In an industry that skims by on 1-4% net profit margin, the cost of last mile delivery requires us to take a fresh look at how and where we package.