News | 1 min read
Richmond-based TemperPack raises $13M for packaging operations
December 20, 2019
Richmond startup TemperPack just raised $13 million in new equity funding and other securities in a new round of funding designated to help it expand its mission to replace landfill-bound packaging materials that have become commonplace in the age of Amazon deliveries.
This new round of funding adds to the $40 million the firm has raised since its founding in 2015. The most recent portion of that was a $22.5 million in January that was led by Revolution Growth, the fund created by former AOL CEO Steve Case. Others investing in that round included Richmond-based Harbert Growth Partners, as well as Arborview Capital, Tao Capital Partners and SJF Ventures.
TemperPack was founded by James McGoff, Brian Powers and Charles Vincent. And it has found a growing customer base for its packaging, which is used in delivering temperature sensitive items, including food and medicine. Its customers include international meal kit company HelloFresh, produce delivery startup Misfit Markets, specialty pharmacy and infusions business Diplomat Pharmacy and infusion therapy company OptionOne Pharmacy.
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