AeroSafe Global, a Rochester, N.Y.-based cold-chain-as-a-service (CCaaS) company, raised in $31.5M in funding.
Backers included Peloton Equity, accounts managed by Hamilton Lane, and certain existing investors including Flexstone Partners. In conjunction with the funding, Ted Lundberg, Co-Founding Partner at Peloton, and Justin Yang, Partner at Peloton Equity, will join the AeroSafe Board of Directors.
The company will use the funds to accelerate its sales and marketing efforts, launch additional value-added services and technologies, and expand into new geographies.
Led by Jay McHarg, Chief Executive Officer, AeroSafe Global advanced a cold-chain-as-a-service (CCaaS) company, which includes proprietary technologies and solutions that biopharmaceutical, pharmaceutical and device manufacturers use for shipping temperature-sensitive products. With its patented technology and logistics platform, the company provides sustainable cold chain logistics alongside a guarantee of zero temperature excursions.
The company has more than 30 Fortune 500 pharmaceutical and healthcare customers.