TemperPack, a Richmond, Va.-based developer of “earth-friendly” packaging for insulated, temperature-sensitive goods, raised $10m in funding.
The round was led by SJF Ventures with participation from Interplay Ventures, Third Prime Capital and Dolik Ventures. Robert Beckler, formerly the president of packaging at WestRock, an international paper and packaging company, also participated in the round and will be joining the Board as Executive Chairman.
The company intends to use the funds to expand its operations and further commercialize innovative, new products.
Co-founded by James McGoff and Charles Vincent and Brian Powers, TemperPack provides companies that ship perishable goods such as food and pharmaceuticals with sustainable packaging technology to reduce their environmental impact.
The company currently employs more than 200 associates, and is on track to create an additional 150 jobs in Virginia and Nevada by 2018. It currently serves over 40 customers including many market leaders within the meal-kit and grocery e-commerce sectors.