What is Great Wrap?
Great Wrap distinguishes itself as the sole Australian manufacturer of 100% compostable stretch wrap products, offering a sustainable alternative to conventional plastic packaging. Their product line encompasses Hand Pallet Wrap, Machine Pallet Wrap, and Nudie Rolls for domestic use. As a certified B Corporation, Great Wrap is committed to environmental responsibility, providing eco-friendly packaging solutions for both residential consumers and commercial enterprises. The company's operations are rooted in innovation within the packaging sector, while also acknowledging the traditional landowners of the Eastern Kulin Nation.
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 W23, Grill’d Innovation Fund, and Darren Thomas
Debt (2024): $5M led by Giant Leap, Darren Thomas, RCV Partners, Startmate, Aryna Sabalenka, Platinum Mile, and Barrel Ventures
Key Investors in Great Wrap
W23
W23 Labs Ltd is a leading technology company specializing in innovative solutions for various industries. They offer a range of services including software development, data analysis, and consulting. Their clients range from startups to established corporations seeking cutting-edge technology solutions.
Startmate
Startmate accelerates ambitious founders, operators, and investors through a mentor-driven community in Australia and New Zealand. Their programs, including the Startmate Accelerator and Ladymates, focus on providing support, mentorship, and professional development for both general and women founders. They have a significant track record, having invested in over 250 startups with a combined portfolio value exceeding 3.5 billion. Startmate fosters an ecosystem aimed at boosting entrepreneurial activity and talent development within the regional startup landscape.
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. They focus on three key areas: the future of packaging, sustainable ingredients, and improving supply chain efficiency. With a team of experienced operators and entrepreneurs, they support early-stage food entrepreneurs in advancing their ideas. Their mission is to create category-defining companies that contribute to a healthier food ecosystem.
What's next for Great Wrap?
The recent major strategic investment signals a pivotal phase for Great Wrap, likely enabling the company to scale its manufacturing capabilities, enhance its research and development efforts in material science, and broaden its market reach. This capital infusion is anticipated to accelerate the adoption of sustainable packaging alternatives, positioning Great Wrap as a leader in the circular economy. Future strategies may involve expanding product lines, forging new commercial partnerships, and further solidifying its commitment to environmental stewardship through innovative, compostable materials.
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