# TemperPack Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/temperpack-technologies

- Industry: Packaging
- Headquarters: Richmond, US
- Website: www.temperpack.com
- Total disclosed funding: $64M
- Latest round: Series C (Aug 7, 2020)
- Investors on record: 11

## About

TemperPack Technologies, Inc. specializes in sustainable packaging solutions that replace traditional materials with eco-friendly alternatives for cold chain logistics.Founded in 2015 in Richmond, US, TemperPack Technologies, Inc. develops sustainable protective packaging solutions, including their flagship product, ClimaCell. The company's strategy has remained focused on innovation in eco-friendly materials. Peter Wells is the current CEO, and the company has raised a total of USD 140.00 mn through various funding rounds, with the latest round of USD 140.00 mn led by Goldman Sachs Merchant Banking Division on March 22, 2022.TemperPack specializes in sustainable protective packaging solutions designed to replace traditional materials like polystyrene in cold chain shipments. Their core product, ClimaCell, is engineered to be recyclable alongside the corrugated boxes it ships in, ensuring effective insulation for temperature-sensitive products such as drugs, diagnostic tests, frozen meats, and meal kits. The company serves a diverse client base, including healthcare providers, grocery retailers, and logistics companies, primarily in the United States and developed markets requiring compliant and environmentally responsible packaging.TemperPack's revenue model is based on B2B transactions, supplying manufacturers, distributors, and retailers with their innovative packaging solutions. Transactions typically involve a direct sales approach, where products like ClimaCell are customized to meet specific shipping needs. Clients place bulk orders for packaging solutions, establishing ongoing partnerships that support operational efficiency and sustainability goals. The firm’s focus on high-volume shipments drives revenue through the sale of their flagship products across various industries.In March 2022, TemperPack Technologies, Inc. raised USD 140.00 mn in growth venture funding to expand its team focused on protective materials technologies, grow its geographic footprint, and extend its customer reach. The funding will support efforts to design and launch new products while targeting expansion into additional markets, further enhancing their capabilities in serving clients across the food, pharmaceutical, and e-commerce sectors.

## Funding rounds

- Series C, Aug 7, 2020, $31M — Harbert Management, SJF Ventures, Arborview Capital, Revolution Ventures, Tao Capital Partners, Third Prime Capital, Greenhouse Capital, Wheatsheaf Group
- Series B, Jan 10, 2019, $23M — Harbert Management, SJF Ventures, Arborview Capital, Revolution Ventures, Tao Capital Partners
- Series A, Jul 14, 2017, $10M — SJF Ventures, Interplay, Third Prime Capital, Haas Portman, Dolik Ventures

## Investors

- SJF Ventures (https://capitalatlas.ai/funds/sjf-ventures) — Series A, Series B, Series C
- Interplay (https://capitalatlas.ai/funds/interplay) — Series A
- Third Prime Capital (https://capitalatlas.ai/funds/third-prime-capital) — Series A, Series C
- Haas Portman — Series A
- Dolik Ventures (https://capitalatlas.ai/funds/dolik-ventures) — Series A
- Harbert Management (https://capitalatlas.ai/funds/harbert-management) — Series B, Series C
- Arborview Capital (https://capitalatlas.ai/funds/arborview-capital) — Series B, Series C
- Revolution Ventures (https://capitalatlas.ai/funds/revolution-ventures) — Series B, Series C
- Tao Capital Partners (https://capitalatlas.ai/funds/tao-capital-partners) — Series B, Series C
- Greenhouse Capital (https://capitalatlas.ai/funds/greenhouse-capital) — Series C
- Wheatsheaf Group (https://capitalatlas.ai/funds/wheatsheaf-group) — Series C