TemperPack is a technology company.
TemperPack has raised $209.0M across 5 funding rounds.
TemperPack has raised $209.0M in total across 5 funding rounds.
TemperPack has raised $209.0M in total across 5 funding rounds.
TemperPack's investors include Bob, SJF Ventures, Third Prime, Closed Loop Partners, BITKRAFT Ventures, Brighter Capital, Citi Ventures, Electric Capital, Ethereal Ventures, Gaingels, Hartmann Capital, Mercury Fund.
TemperPack is a materials engineering and manufacturing company that develops sustainable insulated packaging solutions, such as ClimaCell, Green Cell Foam, and WaveKraft, to replace styrofoam in cold-chain shipments for perishable food and pharmaceuticals.[1][2][3][4] It serves industries including healthcare, food and beverage, pharmaceuticals, grocery retail, and life sciences, solving the problem of plastic waste from single-use foam coolers by offering high-performance, compostable or recyclable alternatives made from corn starch and kraft paper that maintain temperature during overnight or two-day shipping.[1][2][3][4] With over 500 customers, 150MM+ shipments protected, $252M in total funding (including a $140M round led by Goldman Sachs Asset Management), and manufacturing facilities across the US, Canada, and Europe, TemperPack has strong growth momentum as the market leader in styrofoam alternatives.[2][3][6]
Founded in 2015 in Richmond, Virginia, TemperPack emerged from the recognition of a growing packaging waste crisis—where one-third of municipal trash is packaging, costing billions in disposal—and the need for better alternatives to energy-intensive styrofoam coolers used briefly before landfilling.[2][4] The founders aimed to "rid the world of unnecessary packaging" by inventing new materials and manufacturing processes, starting with custom solutions for perishable food and biologics shipments.[2][3] Early traction came from developing proven products like ClimaCell, backed by an in-house ISTA-certified transport lab (one of only eight in the US), and scaling to protect over 150 million shipments, with pivotal funding from investors like Revolution Growth and Closed Loop Partners endorsement.[2][3]
TemperPack rides the wave of sustainable packaging innovation amid rising e-commerce for perishables, regulatory pressures on plastic waste, and demand for circular economy solutions in grocery retail tech and packaging/labeling tech sectors.[1][2][4] Timing aligns with post-pandemic cold-chain growth in food delivery, meal kits, biologics, and pharmaceuticals, where styrofoam's environmental toll (high production energy, landfill persistence) clashes with net-zero goals; TemperPack influences the ecosystem as the largest styrofoam alternative, endorsed by Ellen MacArthur Foundation and How2Recycle, enabling brands to cut costs and emissions while meeting consumer sustainability demands.[3][4]
TemperPack is positioned for dominance in sustainable cold-chain packaging, with ambitions to become the world's largest by 2025 already advanced by $252M funding and 150MM+ shipments.[2][3] Next steps likely include expanding non-perishable applications (e.g., furniture), international growth via European facilities, and further tech integration like NFC/GPS monitoring to compete with rivals like Vericool.[1][4] Trends like stricter plastic bans, AI-optimized supply chains, and biotech shipping booms will propel it, evolving its influence from styrofoam disruptor to full-spectrum packaging innovator that redefines cold-chain sustainability.[1][3][4]
TemperPack has raised $209.0M across 5 funding rounds. Most recently, it raised $140.0M Series D in March 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2022 | $140.0M Series D | Bob, SJF Ventures, Third Prime | |
| Aug 1, 2020 | $31.0M Series C | Bob, SJF Ventures, Third Prime | |
| Jan 1, 2019 | $23.0M Series B | Bob, SJF Ventures, Third Prime | |
| Jul 1, 2018 | $5.0M Venture Round | Closed Loop Partners, SJF Ventures, Third Prime | |
| Jul 1, 2017 | $10.0M Series A | BITKRAFT Ventures, Bob, Brighter Capital, Citi Ventures, Electric Capital, Ethereal Ventures, Gaingels, Hartmann Capital, Mercury Fund, MetaProp Ventures, New Age Ventures, Polygon, SJF Ventures, Third Prime, Alex Adelman, Clark Landry, Jutta Steiner, Kamiar Kordari, Matias Woloski, Maya Zehavi, Scott Belsky, Teck Chia |