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Sangrove | Impact Shopping™

10 employees

A Roadmap to Zero Waste begins with Sangrove. Sangrove is a new green commerce tech for consumer goods industries, enabling Impact Shopping - a volume Impact-driven aggregated presell, leading to sustainable consumption and substantial environmental impact. As a new proprietary technology, we enable brands to sell to sustainability-conscious and fashion-forward consumers before production to collectively green-light manufacturing of new products while averting unnecessary emissions. We specifically address the main pains of those industries, that produce consumer goods with the short life span, like fashion, by enabling demand-driven production and preventing excess inventory for brands and retailers alike, leading to cost savings and higher profits across platform participants. The Brand/Retailer benefits with optimized stock planning, increased profit margins while coming up with a great story to woo young demographics. Our process and technology involve sustainability-conscious and fashion-forward consumers in shopping by means of a limited-time volume pre-sell and new sustainability-focused incentives. Sangrove’s blockchain-based smart contract technology aggregates orders into bulk in real-time and calculates impact created by collective action. We track, measure and communicate impact created by averting unnecessary emissions while tuning production to demand. In light of the new upcoming legislation in US and EU, we offer a concrete practical solution as a new process and immutable transparent records via our patent-pending web3 technology. AS A BRAND: - Woo GenZs - Increase key e-comm metrics - Gain early sales data - Optimize Inventory - Minimize deadstock and stockouts AS A CONSUMER: - Make a tangible measured Impact while shopping for the newest trends - Save the Planet by acting on your sustainable values - Shop guilt free

Investor insights

Funding rounds participated in

$618K sweet spot round size

Investor type

Privately Held

Basic info

Industry

Retail Apparel and Fashion

Sectors

Retail Apparel and Fashion

Date founded

2018

Funding rounds raised

Total raised

$618K

from 1 investors over 1 rounds

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Sangrove | Impact Shopping™ raised $618K on December 29, 2021

Investors: Ideaship

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