Sangrove utilizes blockchain-based smart contract technology to aggregate consumer demand for sustainable products through a volume presell model, enabling brands to produce only what is needed and minimize overproduction. This approach reduces excess inventory and associated emissions, while providing measurable CO2 savings for both brands and consumers.
Funding
$120K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Consumer brands often face challenges related to overproduction due to ineffective marketing, inaccurate demand forecasting, and difficulties in aligning production with actual consumer preferences. This leads to excess inventory, increased waste, and environmentally damaging emissions.
Solution
Sangrove offers a Web3 technology platform that enables brands to aggregate and match consumer demand with production capabilities through a volume presell model. The platform integrates with existing digital commerce platforms, digital marketing methods, and payment systems to capture consumer preferences and purchase intentions in real time. By enabling customers to participate in product selection and production decisions, Sangrove helps brands produce the right amount of products, reduce waste, and improve ESG (Environmental, Social, and Governance) performance. The platform also provides tools to certify and document CO2 savings for both brands and consumers.
Target Audience
Sangrove primarily targets consumer brands and retailers looking to reduce overproduction, improve their ESG ratings, and enhance customer engagement.
Features
- Plug-n-play integration with existing digital commerce platforms and payment systems
- Demand aggregation tools to capture real-time consumer preferences and purchase intentions
- Interactive social shopping communities to involve customers in product selection
- Limited edition product creation based on advanced purchases
- CO2 savings certification and documentation for ESG reporting
- Reporting interfaces for corporate and ESG presentations
- Integration with digital marketing methods