SOURCE: Used Cardboard Boxes

August 25, 2006 09:15 ET

Used Cardboard Boxes Receives Seed Financing

SANTA MONICA, CA -- (MARKET WIRE) -- August 25, 2006 -- Used Cardboard Boxes, Inc. ("UCB"), an environmentally friendly provider of used cardboard boxes, today announced it has raised seed financing from several individual investors. Now positioned for a nationwide build-out of its sustainable business model, the investment came after having spent the last nine months in an acceleration program with venture capital firm Funk Ventures.

The EPA reports the commercial sector generates more corrugated cardboard than any other single material in the United States. If all North American companies and consumers disposed of their cardboard by "dumping," the resulting 457 billion square feet of trash could blanket 9.5 million football fields.

UCB, headquartered in Santa Monica, California, makes a true environmental impact by rescuing quality used boxes from businesses that would otherwise discard them. UCB then certifies, brands, and resells the very same boxes to the 43 million Americans who move each year, as well as the hundreds of thousands of small businesses that use boxes for shipping. UCB boxes can be ordered online, or at 1-888-BOXES-88 and delivered to the consumer the next day. Consumers see UCB as a low-cost, earth-friendly alternative to buying new boxes.

"Funk Ventures Acceleration Partners has developed the platform that will allow UCB to rapidly expand across the nation," says Marty Metro, Founder and CEO of UCB. "With more and more people caring about our environment, our eco-friendly and socially-responsible business model is taking the country by storm."

With its new addition of capital, UCB plans to expand to six distribution centers to serve customers nationwide by early 2007.

About Used Cardboard Boxes

Used Cardboard Boxes, Inc. acquires quality used boxes from businesses, then resells them as a low-cost and earth-friendly alternative to new boxes. Customers order online or by phone and the boxes are delivered to the customer's door for free, usually next business day. UCB is making a significant environmental impact by reducing the waste of businesses and reducing the number of trees cut down to make new cardboard boxes. UCB allows its customers to Save Time, Save Money, Save Trees!™ For more information, visit www.usedcardboardboxes.com or call (888) 269-3788.

About Funk Ventures

Funk Ventures is a multi-faceted and entrepreneurial investment firm with focus on venture capital, business acceleration and real estate. Supported by an experienced and passionate team, the firm's philosophy is grounded in the belief that businesses can make a significant and positive contribution to people, society and the environment. The firm's venture capital arm makes value-add investments in promising companies in the wellness, medical device and clean tech markets. Funk Ventures also runs a business accelerator, providing resources, expertise and management to growing companies that are still too young to receive venture financing. The firm's real estate unit is active as both an investor and developer, with a focus on international resort destinations and sustainable living communities. For more information, visit www.funkventures.com or call (310) 395-5703. Funk Ventures is a registered trademark of Funk Ventures, Inc.

Contact Information

  • Contact:

    David Krasnow
    Funk Ventures
    (310) 395-5703

    Marty Metro
    Used Cardboard Boxes
    (888) 269-3788