What is Great Wrap?
Great Wrap specializes in the manufacture of 100% compostable stretch wrap products, including Hand Pallet Wrap, Machine Pallet Wrap, and Nudie Rolls for home use. As the sole Australian-made provider of compostable stretch wrap, the company is at the forefront of sustainable packaging innovation. Great Wrap addresses the growing market demand for environmentally responsible solutions, serving both residential and commercial clients. Their commitment extends to honoring the traditional landowners of the Eastern Kulin Nation, integrating cultural respect into their corporate ethos.
How much funding has Great Wrap raised?
Great Wrap has raised a total of $39M across 2 funding rounds:
Series A
$34M
Debt
$5M
Series A (2022): $34M with participation from Grill’d Innovation Fund, W23, and Darren Thomas
Debt (2024): $5M led by Aryna Sabalenka, Platinum Mile, Darren Thomas, Startmate, Giant Leap, RCV Partners, and Barrel Ventures
Key Investors in Great Wrap
Startmate
Startmate is a prominent accelerator and investment group in Australia and New Zealand, known for backing ambitious founders and startups. They provide mentorship and capital, focusing on fostering entrepreneurial ecosystems and driving innovation within the region.
Barrel Ventures
Barrel Ventures is a seed-stage investment firm that focuses on companies addressing global food issues and supply chain improvements, particularly in packaging and sustainable ingredients. They support early-stage entrepreneurs with operational expertise.
W23
W23 Labs Ltd is a technology company that offers innovative solutions, including software development and data analysis. They work with a range of clients from startups to corporations seeking advanced technological services.
What's next for Great Wrap?
The recent major strategic investment signals Great Wrap's readiness to scale its operations and expand its market reach. This capital infusion is expected to fuel further research and development into advanced compostable materials and enhance manufacturing capabilities. The company's focus on sustainable packaging aligns with global trends towards environmental responsibility, positioning Great Wrap for significant growth. Future endeavors will likely involve strengthening distribution networks and forging new partnerships to solidify its position as a leader in the eco-friendly packaging industry.
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