Compostable packaging company HeapsGood wrap up almost $1m in crowdfunding round | Knowledge Hub | Circle Economy Foundation
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Business case
Compostable packaging company HeapsGood wrap up almost $1m in crowdfunding round
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By leveraging crowdfunding to develop and produce their compostable packaging products, HeapsGood has proven to be a sustainable alternative to traditional plastic packaging. After successfully raising funds through their crowdfunding campaign, the company was able to accelerate the development of their products and help businesses reduce their environmental impact.

Problem

Traditional plastic packaging has a detrimental impact on the environment, contributing to pollution and climate change. There is a growing need for sustainable packaging solutions that can reduce the environmental impact of the packaging industry.

Solution

HeapsGood is an Australian company that offers compostable packaging solutions. The company leveraged crowdfunding to develop their compostable packaging products, which are made from plant-based materials and can be decomposed into soil in a matter of months.

The company launched a crowdfunding campaign on the platform Kickstarter to raise funds for the development and production of their packaging products. The campaign aimed to raise AUD 25,000 to help the company invest in research, development, and testing of their products.

The crowdfunding campaign was successful, and HeapsGood was able to raise almost AUD 1 million in funds. This allowed the company to accelerate the development and production of their compostable packaging products.

HeapsGood's compostable packaging products are designed to be a sustainable alternative to traditional plastic packaging. They are made from renewable materials, such as sugarcane, cornstarch, and bamboo, which are biodegradable and compostable.

Outcome

By leveraging crowdfunding, HeapsGood was able to raise funds to develop and produce their compostable packaging products. The success of their crowdfunding campaign demonstrates the demand for sustainable packaging solutions and the support for innovative companies like HeapsGood.

Since launching their compostable packaging products, HeapsGood has been able to help businesses reduce their environmental impact by offering a sustainable alternative to traditional plastic packaging. The company's products have been used by various businesses, including cafes, restaurants, and food delivery services.

HeapsGood's compostable packaging products have received positive feedback from customers and have been recognized for their innovative and sustainable approach to packaging. The company's success demonstrates that leveraging crowdfunding can be an effective way for startups to fund their research and development, as well as to bring their innovative products to market.

Additional information

Photo by Kelly Sikkema on Unsplash

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