🚀 We’re thrilled to announce that Vanagon.vc has invested in LoopID, a leader in AI-powered solutions for the circular economy. ♻️🌍
Our current linear economy — extracting, producing, and discarding after use — leads to pollution, emissions, and biodiversity loss.
🔍 THE LOOPID SOLUTION:
LoopID develops cutting-edge digital solutions that help maintain resources within the economy, encouraging sustainable product use. Concretely, LoopID enables brands to adopt profitable circular business models, improve cost efficiency, and enhance customer engagement throughout the product lifecycle. Their platform also ensures compliance with new sustainability regulations, particularly the upcoming EU Digital Product Passport regulation.
Core Features:
• AI-Powered Digital Twins: Semantic digital twins of physical products.
• Secure Take-Back Systems: Facilitating product returns and recycling.
• Recommerce Platforms: Supporting resale and reuse.
• End-to-End Traceability: Tracking products from creation to end-of-life.
Focus Sectors:
• Electronics/ICT
• Textiles/Fashion
• Real Estate
LoopID collaborates with industry leaders like Infineon Technologies to create tailored solutions for these sectors.
🤝 THE FOUNDERS:
• Christian Adler: Former AI expert at Boston Consulting Group (BCG), with degrees from LMU Munich, UC Berkeley, and Leuphana University. He brings vast experience in digital transformation.
• Alexis Gamboa: Expert in digital twins, with a background from EY, the Technical University of Munich, and Costa Rica. Both founders met at CDTM in Munich and participated in accelerators at UnternehmerTUM (Xpreneurs) and UC Berkeley.
💶 CO-INVESTORS:
Apart from Vanagon’s investment, LoopID benefits from significant funding from the German Federal Ministry for Economic Affairs and Climate Protection (BMWK) and has joined the Silicon Valley-based B2B Alchemist Accelerator, which has also invested in the company. Furthermore, Joerg Walden, a circularity veteran and founder of iPoint Systems, co-invests with Vanagon.
💬 Christian Adler: "With their support and trust in our team and capabilities, Vanagon enables us to focus on the development and deployment of our solution together with our partners at high speed and also provides us with access to other top-notch investors and advisors, such as Jörg Walden. Our goal for the coming months is to further demonstrate and scale our solution in key markets to accelerate the circular transformation of our economy."
At Vanagon, we look forward to supporting LoopID in paving the way for a circular economy. 🌱 With their deep domain and technology expertise, the LoopID team has managed to not only leverage frontier technologies such as AI and blockchain to allow companies to intelligently comply with upcoming digital product passport regulation, but the solution also allows for a completely new level of engagement between products and customers.
#CircularEconomy #AI #GreenTech