Dealflow | August 12, 2020

TemperPack closes $31 million for eco-packaging

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, August 12 – TemperPack makes thermal insulation for delivery of perishable goods and medicine. The Richmond, Va.-based company raised its Series C round amid “significant growth,” accelerated by COVID and the rising demand for home delivery.

The pandemic is likely to spur “lasting changes in e-commerce behavior as well as increased interest in sustainability as trash bins overflow with non-recyclable shipping materials,” said Todd Klein of Revolution Growth, which reupped in TemperPack’s latest round. Wheatsheaf Group, Harbert Growth Partners, SJF Ventures, Arborview Capital, Tao Capital, Third Prime Capital and Greenhouse Capital also invested.