Zero Co says it will use the fresh funds to launch new products, employ all senior roles, invest in bag cleaning and sanitation technology, carry out further large-scale ocean cleanup and explore international markets.
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November 3, 2020
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Sustainable packaging focused on personal care and home cleaning products brand Zero Co said on Tuesday it had raised AUD 2 million in an initial funding round led by Skip Capital, an investment fund from Kim Jackson and Atlassian co-founder Scott Farquhar.
A number of other investors, including former St George Bank CEO Rob Chapman, Koala founders Dany Milham and Mitch Taylor and Alex Cornish of Cornish Family Investments also participated in the round.
Zero Co said it would use the fresh funds to launch new products, employ all senior roles, invest in the world’s first bag cleaning and sanitizing technology, carry out further large-scale ocean cleanups and explore international markets.
Founded by Kim Jackson, Zero Co makes cleaning and laundry products packaged in recyclable containers made from plastic waste pulled from the ocean and landfills. The company is helping to reduce single-use plastics by sending bottles ‘forever’ to its customers. When customers finish the product, they send the container back to the company, which is then cleaned and refilled for resale.
“If we can inspire 20,000 Australian households to clean their homes of single-use plastic and turn to Zero Co, we can stop 1 million single-use plastic bottles from ending up in our oceans and landfills in the next 12 months,” he said. co-founder of Smith.
The company took the first batch of plastic waste to be recycled into dispensers from Jakarta, Indonesia in December 2019. “While in Jakarta, we managed to pull more than 6,000 kg of plastic from the Java Sea. Customers can see which parts of the ocean they help us clean with each Zero Co dispenser equipped with a tracking code, ”said Smith.
Not only packaging, the company claims all of its products are also environmentally friendly. The ingredients used are gray water safe, plant-based, vegan and cruelty-free and contain no palm oil (except for dishwashing tablets).
Commenting on the agreement, Kim Jackson, founder of Skip Capital, said, “We are delighted to be able to support Zero Co which has made a huge impact on single-use plastics and has developed a range of high-quality, waste-free products. Mike and his dedicated team are on a mission to win the War on Garbage with Zero Co and we are delighted that customers will get this product soon. “
“Waste is a huge global problem, and we are excited to invest in companies like Zero Co that are taking the lead in eliminating waste and redefining what customers expect from a product,” he said.