Stay humble. And by that, we mean Humble Sustainability! This Philippine circular economy startup just raised a $750,000 seed led by Seedstars International Ventures.
Investor check. iSeed Ventures (Wing Vasiksiri), Buko Ventures and several angels also joined in!
🚮 Another person's trash is...
They receive excess inventory from businesses for assessment, check what condition they're in and figure out their value.
⭐️ Another person's treasure
From there, they decide where the items should go. High-quality items go to their sustainable e-commerce platform, Thrift — for extra-low prices. The rest? They're sold in bulk to their B2B network (buyers and recyclers).
🤔 Why it matters
Humble makes sure everything it takes doesn't end up in a landfill. Without Humble, the process isn't as effective — a lot of items end up wasted.
More than just keeping landfills from piling up, Humble extracts more value out of these items by selling them on Thrift or to their B2B network.
💰 What's with the $$$?
They'll be expanding their network of partners and buyers and growing the team!
On the tech side. They'll also be bringing their tech development in-house, as well as working on long-term initiatives like a carbon footprint tracker, a dashboard for their B2B clients and raw materials extraction.
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