Vericool, Inc., a Livermore, Calif.-based manufacturer of environmentally-friendly packaging solutions, raised $19.1m in Series A financing.
The backers included Radicle Impact Partners, The Ecosystem Integrity Fund, ID8 Investments and AiiM Partners.
The company intends to use the funds to expand its business reach.
Founded in 2015 by Darrell Jobe, CEO, Vericool created an eco-friendly cooler and provides proprietary, patented, plant-based sustainable packaging solutions which replace traditional packaging materials that pollute the environment, such as polystyrene (styrofoam).
The company’s patented and patent-pending products are made from 100% recycled paper fibers and other plant-based materials, and are utilized to ship food and medical products that require qualified, temperature-controlled packaging.
Vericoolers can perform to customer-defined ASTM and ISTA standards.