# Varden

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/varden

- Industry: Packaging
- Headquarters: South Yarra, Australia
- Website: www.varden.com.au
- Total disclosed funding: $11M
- Latest round: Series A (May 5, 2021)
- Investors on record: 3

## About

Based in Victoria, Australia, and founded in 2015 by co-founders Mark Appleford and Stuart Gordon, Varden Process Pty Ltd operates as a manufacture of biodegradable packaging materials using fibers from naturally occurring plant pulp to produce packaging appropriate for a range of uses. In April 2020, Horizons Ventures led a USD 2.2 million seed funding for Varden Process Pty Ltd.

Varden Process Pty Ltd supplies packaging solutions to consumer and FMCG brands to redesign packaging. The company offers a product made up of molded plant pulp fiber which improves the packaging solutions. In addition, the company provides a variety of material applications that cross chemistry and mechanical processes, offering the FMCG (Fast-Moving Consumer Goods) industry a substitute for plastic and aluminum in the packaging process.

## Funding rounds

- Series A, May 5, 2021, $11M — Jacobs Douwe Egberts (JDE), Main Sequence Ventures, PUCCINI INVESTMENT HOLDINGS LIMITED

## Investors

- Jacobs Douwe Egberts (JDE) — Series A
- Main Sequence Ventures (https://capitalatlas.ai/funds/main-sequence-ventures) — Series A
- PUCCINI INVESTMENT HOLDINGS LIMITED — Series A