What is Great Wrap?
Great Wrap operates at the intersection of material science and sustainable logistics. As the sole Australian manufacturer of compostable stretch wrap, the company provides a critical alternative to conventional plastic films used in pallet wrapping and home applications. Their product suite, which includes Hand Pallet Wrap, Machine Pallet Wrap, and Nudie Rolls, is engineered to meet the rigorous demands of modern supply chains while ensuring a minimal environmental footprint. By focusing on compostability, Great Wrap addresses the urgent global need for circular economy solutions, effectively positioning itself as a leader in the green packaging revolution.
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 Darren Thomas, Grill’d Innovation Fund, and W23
Debt (2024): $5M led by Giant Leap, Barrel Ventures, RCV Partners, Aryna Sabalenka, Darren Thomas, Platinum Mile, and Startmate
Key Investors in Great Wrap
Barrel Ventures
Barrel Ventures is a seed fund based in the Midwest that invests in innovative companies addressing global food issues and enhancing the supply chain, with a specific focus on the future of packaging and sustainable ingredients.
Startmate
Startmate accelerates ambitious founders through a mentor-driven community in Australia and New Zealand, fostering an ecosystem aimed at boosting entrepreneurial activity and talent development.
W23
W23 Labs Ltd is a leading technology company specializing in innovative solutions for various industries, offering services including software development, data analysis, and strategic consulting.
What's next for Great Wrap?
With the recent capital secured, Great Wrap is poised to deepen its market penetration and enhance its manufacturing capabilities. The strategic focus will likely shift toward scaling production capacity to meet the rising demand from enterprise-level clients seeking to reduce their carbon footprint. Furthermore, the company is expected to continue its research and development efforts, potentially expanding its product line to address broader packaging challenges. By maintaining its commitment to the Eastern Kulin Nation and sustainable innovation, Great Wrap is set to solidify its role as a cornerstone of the sustainable packaging industry, providing a scalable blueprint for other material science ventures aiming to disrupt traditional, high-waste sectors.
See full Great Wrap company page
