TemperPack, a Richmond, Va.-based provider of sustainable thermal packaging solutions, raised $22.5m in Series B financing.
The round was led by Revolution Growth, with participation from new investors Harbert Growth Partners, Arborview Capital and Tao Capital Partners, and existing investor SJF Ventures. In conjunction with the funding, Todd Klein, Partner at Revolution Growth, and Brian Carney, General Partner at Harbert Growth Partners, will join TemperPack’s board.
Founded in 2015 by James McGoff, Brian Powers and Charles Vincent, TemperPack engineers, manufactures and distributes sustainable packaging products that replace single use plastics with proprietary bio-based materials. The company designs and tests products in its Proving Ground laboratory to meet precise client specifications in fields ranging from fresh food delivery to the shipment of biologic drugs.
Today, TemperPack operates two factories in Virginia and Nevada and is expanding its reach in the food and life science cold chain logistics markets, all with the goal of reducing the amount of packaging that ends up in landfills.