We’re Backing Tiptapp

In today’s urban environments, the challenge of efficiently moving and recycling items has become increasingly critical in today's urban environments. Tiptapp, founded in 2016, offers a simple yet transformative solution to this problem. The Swedish-based app is changing the way people manage everyday logistics by connecting users who need help moving, recycling, or delivering items with those who have extra space in their vehicles and time to assist. With a mission to make city living more convenient and sustainable, Tiptapp encourages reuse, reduces car dependency, and helps lower CO2 emissions, creating a positive impact on urban communities.

Opting For Non-dilutive Funding After Reaching Profitability

Tiptapp’s growth trajectory has been impressive, expanding its user base across Sweden, the UK, Germany, and Portugal, with over 1.27 million pickups facilitated and 774,000 car rides saved. As the company continues to scale, it faces the challenge of fueling this growth without compromising its ownership and long-term vision.

Already profitable, Tiptapp sought a funding strategy that would enable it to supercharge its marketing efforts in Berlin—one of its key markets—without diluting ownership or control. Given the company’s solid financial foundation, non-dilutive funding became the most lucrative option to achieve its goals. The objective was clear: secure the necessary capital to accelerate user growth in Berlin while maintaining control over the company’s direction and equity.

Tim Bjelkstam, CEO and Co-Founder of Tiptapp, highlighted the strategic benefits of choosing non-dilutive funding:

"We’re proud to already be a profitable company, which gives us the flexibility to choose the best funding strategy to support our growth. Opting for non-dilutive funding was the most lucrative option, allowing us to supercharge user growth without giving up control or equity. This €1 million loan is specifically earmarked for amplifying our marketing efforts in Berlin, ensuring that we can reach more users while maintaining our company’s vision and ownership."

Partnering with Local Leaders to Enhance Berlin’s Sustainability

While the app has already been downloaded over 140.000 times in Germany alone, Tiptapp’s impact on the Berlin market extends beyond just user growth. For over two years, the company has partnered with Berliner Stadtreinigungsbetriebe (BSR), the city’s leading waste management company, to simplify the recycling process for Berliners. This collaboration enables residents to easily dispose of unwanted items through Tiptapp, contributing to a cleaner and more sustainable city. The success of this partnership in Berlin also serves as a model for expanding similar services across the broader German market and other major European cities.

Partnering with Local Leaders to Enhance Berlin’s Sustainability

For Gilion, Tiptapp represents an ideal recipient of their Growth Loan—an innovative company with strong underlying profitability, a strong commitment to sustainability, and a product that is reshaping how people handle everyday logistics in urban environments. Tiptapp’s strategic focus on growth, coupled with its strong unit economics, positions it well to manage its financial future while capitalizing on its market potential.

Gilion is proud to support Tiptapp as it continues to expand its reach, enhancing urban living and promoting sustainability through its easy-to-use platform.