Impact Tech | March 23, 2022

TemperPack raises $140 million to insulate cold chains

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, March 23 — Richmond, Va.-based TemperPack makes sustainable thermal insulation packaging for transporting perishable goods and medicine. The company’s ClimaCell recyclable thermal liners help companies switch from plastic foam coolers to reduce emissions and divert plastic waste from landfills.

The company has raised $140 million in a financing round, backed by Goldman Sachs Asset Management and SJF Ventures, to “diversify our offering of sustainable high-performance protective materials,” said TemperPack’s Bob Beckler.