Tiptapp
Crowdsourced Recycling. Have a neighbour pick up and bring along stuff you need to get rid of. You can think of it as ridesharing, but for things.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | SEK11.4m | Late VC | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 215 % | 287 % | 156 % | 21 % | 1 % | 53 % | 19 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (1298 %) | (324 %) | 24 % | 17 % | (16 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (1299 %) | (324 %) | 24 % | 17 % | (16 %) | (1 %) | (11 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Tiptapp operates as a digital marketplace positioned within the urban logistics and circular economy sectors. The company was founded in Stockholm, Sweden, in 2016 by Tim Bjelkstam, David Höök, Fredrik Rylander, and Anders Lovbrand. The founding team, led by CEO Tim Bjelkstam, leveraged prior experience in building digital marketplaces to address logistical challenges for city dwellers. Bjelkstam's background includes a significant role at Hemnet, Sweden's largest property portal, which provided a foundation for shaping Tiptapp's platform.
The business model is centered on a peer-to-peer mobile application that connects two user groups: individuals who need items moved, delivered, or recycled, and local helpers with the time and a vehicle to perform these tasks. The platform's primary clients are urban residents, often those without personal vehicles, seeking on-demand solutions for everyday logistics. Tiptapp generates revenue by charging a transaction fee on the payments made from the advertiser to the helper for each completed task. This fee is 25% of the transaction value. The company operates within the gig economy, providing a flexible source of income for its helpers.
The service allows users to post an ad with a picture of an item, specifying the task type—such as moving, delivery, shopping assistance, or recycling—and set the price they are willing to pay. Helpers can then respond to these ads, and the user selects who they want to hire. A key feature supporting its sustainability focus is the requirement for helpers to verify that items for recycling have been taken to an appropriate facility before payment is released. The company has expanded its operations beyond Sweden to markets including the UK, Germany, and Portugal. Tiptapp has also formed partnerships with municipal waste companies, such as Berliner Stadtreinigungsbetriebe (BSR) in Berlin, to streamline recycling processes for residents.
Keywords: peer-to-peer logistics, on-demand delivery, urban logistics, circular economy, recycling app, gig economy, moving services, junk removal, second-hand delivery, marketplace, sustainable logistics, waste management, item transport, sharing economy, on-demand services, last-mile delivery, errand running app, p2p marketplace, furniture moving, community marketplace