TemperPack, a Richmond, VA-based manufacturer of sustainable thermal insulation for cold chain packaging, raised $140M in funding.
The round was led by Goldman Sachs Asset Management with participation from Grosvenor Food & AgTech, Harbert Growth Partners, Tao Capital Partners, Revolution Growth, SJF Ventures, and Arborview Capital.
The company intends to use the funds to expand capacity for protective materials technologies, grow its geographic footprint, and extend its customer reach.
Founded in 2015 by James McGoff, Brian Powers, and Charles Vincent and led by CEO Bob Beckler, TemperPack is a producer of sustainable cold chain materials for food and life sciences products in the U.S., which allow enterprises to ship perishable products without unnecessary plastic waste. Its patented ClimaCell® thermal liner is a sustainable alternative to expanded polystyrene for the shipment of perishable foods, pharmaceuticals, and other life science products. It is non-toxic and curbside recyclable.
FinSMEs
23/03/2022