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Bold Reuse, the leading innovator in the reusable food and drinkware industry, is proud to announce that it has received an investment from Mastersfund, a global gender-lens investment fund.
Bold Reuse is at the forefront of promoting sustainable packaging practices. The company's innovative approach to reducing waste and fostering a circular economy has attracted the attention of Mastersfund, which recognizes the potential for Bold Reuse to make a significant environmental impact.
The announcement follows the World Economic Forum’s annual meeting at Davos 2023, which highlighted advancements in the reuse industry. The need for circular solutions to the waste crisis are needed now more than ever. Despite rising consumer awareness, corporate attention and regulation, there is more single-use plastic waste than ever before. According to CapGemini, 72% of consumers want to reduce waste - but companies have been challenged to find scalable, affordable options. With the Bold Reuse platform, businesses are achieving the sustainable change consumers want.
Some of Bold Reuse's notable partnerships include Starbucks, Imperfect Foods, and the Portland Trail Blazers. Additionally, the Oregon Entrepreneurs Network awarded Bold Reuse as the Early Stage winner of its annual Entrepreneurs Award. Bold Reuse has already prevented over 2 million pounds of waste from going to landfills, with millions more savings to be realized in the coming years. The company has been nominated for the 2023 Earthshot Prize by Impact Entrepreneur in the category of Building a Waste-Free World.
“Mastersfund is committed to investing in women-owned companies that create a positive impact. Bold Reuse fits our criteria perfectly” said Anne Kennedy, Managing Director. “Their mission to end single-use waste and promote reuse aligns with our values and is clearly going to result in a powerful, impactful, and sustainable company. We are excited to be a part of their journey.”
Mastersfund’s investment will support the continued growth and expansion of Bold Reuse, including the development of new technology and the roll-out of new solutions to the market.
“We’re thrilled to have the support of Mastersfund as we work to make reusable packaging a reality for all”, said Jocelyn Quarrell, CEO of Bold Reuse. “With their investment and strategic support, we’ll be able to scale our business and better support our enterprise customers.”
About Bold Reuse
Founded in 2011, Bold Reuse is a woman-owned company on a mission to end single use waste by making reusable packaging easy for all. With a team of experts in reuse strategy, sharing platforms, and technology, Bold Reuse helps companies incorporate reusable packaging into their business operations to reduce its waste and carbon footprint. They provide all reuse needs across sanitation, logistics, data and strategy so businesses can achieve zero waste goals faster and more efficiently. At Bold Reuse, we believe that by working together, we can create a cleaner, healthier planet for future generations. For more information, visit https://www.boldreuse.com.
Mastersfund is a venture capital investment fund based in Seattle, WA which invests in women-led, revenue positive companies at the seed stage. For more information, visit https://masters.vc.