Tuesday, October 1, 2024

Vilnius-based Kind A Brick secures €1.15 million to assist folks reuse their LEGO bricks

Lithuanian startup Kind A Brick, a service for sorting clients’ outdated LEGO® bricks into new units, has secured an funding of €1.15 million. The monetary help comes from the Baltic-focused VC fund Firstpick, 9 enterprise angels, and the founders’ preliminary funding of €200k.

Kind A Brick gives a service that cleans, kinds, and repackages clients’ LEGO bricks into authentic or customized units, giving a second life to already-owned toys. By spring 2025, the startup seeks to lift a brand new spherical of €2,500,000 with worldwide VC funds. Their objective is to increase throughout Europe, beginning with a restricted launch in Germany this October.

“Thousands and thousands of LEGO bricks sit unused in packing containers as a result of neither youngsters nor mother and father need to sift by way of them,” stated Aurimas Slapšys, Co-Founder and Managing Director of Kind A Brick. “We assist by cleansing and sorting clients’ brick collections, then utilizing our proprietary software program to counsel new fashions to construct. This gives youngsters a brand-new constructing expertise for a smaller worth than shopping for new units from the shop.”

The thought for Kind A Brick was conceived by Co-Founder Ilya Malkin, who noticed his circle of relatives’s use of LEGO objects as wasteful. “I really like LEGO toys for my youngsters, however they’d typically construct every mannequin as soon as after which ask me to purchase a brand new set,” commented Malkin. “This isn’t simply costly – it additionally contributes to the build-up of unsustainable plastic on the earth.” Most LEGO components are made from difficult-to-recycle ABS plastic. Whereas the producer doesn’t disclose official numbers, Malkin estimates that LEGO has produced 1.5 trillion of those bricks since its first collection in 1958. 

Encouraging the reuse of products and increasing product life is an rising development and rising enterprise mannequin, projected to make up 15% of the bodily shopper items market by 2030 with a income of €265 billion. Round corporations embody rental programs for objects like sport tools and luxurious items, which cut back pointless purchases. Additionally they embody digital platforms resembling Vinted, a platform for reselling garments and Lithuania’s first unicorn, and Tingit, a zero-effort market that allows customers to restore clothes, holding objects in use longer. These recirculation ideas decrease environmental influence and promote sustainable shopper habits.

On his resolution to spend money on Kind A Brick, Mantas Mikuckas, Co-Founding father of Vinted, added: “Round companies have large potential as a result of they handle actual issues whereas additionally slicing CO2 emissions. Kind A Brick is a superb instance, letting youngsters get pleasure from their toys extra whereas saving mother and father cash and lowering their environmental footprint. It has additionally developed a very distinctive strategy, as the one firm that really kinds LEGO bricks for you.”

Malkin’s thought for the brick sorting service facilities on simplifying life for fogeys. “Constructing with LEGO fashions is enjoyable; sorting them, not a lot,” stated Malkin. “We deal with the organizing, so mother and father can deal with having enjoyable and spending extra high quality time collectively.”

At its coronary heart, Kind A Brick is a tech startup. Its proprietary AI system analyzes bricks to find out what fashions might be constructed from the combo. The bricks are sorted accordingly, returning clients’ LEGO items repackaged by set and with on-line accessible directions.

“The core know-how is a pc imaginative and prescient algorithm that may acknowledge the totally different bricks and establish potential mixtures. The sorting course of will work like an automatic meeting line, the place machines clear, group, and type the bricks new,” Malkin defined.

The beginningup is utilizing the current funding to construct up its operations, investing in prototype equipment, superior laptop imaginative and prescient, software program development, and market checks. “We’re presently making ready to lift further funding to improve our know-how to automated operations, improve capability, and enhance product expertise for our clients. This can permit us to make the service totally accessible not solely in Germany, our first goal market, but additionally to increase additional,” Malkin added.

– Commercial –


Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles