What is TemperPack?
Founded in 2015 and headquartered in Richmond, Virginia, TemperPack offers innovative packaging solutions designed to reduce costs and minimize environmental impact. The company specializes in developing sustainable materials and designs that cater to businesses seeking to enhance their ecological footprint. TemperPack's commitment to sustainability aligns with a broader industry shift towards greener supply chains and responsible consumption, making it a key player in the evolving packaging landscape.
How much funding has TemperPack raised?
TemperPack has raised a total of $252.3M across 8 funding rounds:
Series A
$10M
Unspecified
$4.5M
Series B
$22.5M
Unspecified
$13M
Debt
$1M
Series C
$31.3M
Debt
$30M
Corporate Investment
$140M
Series A (2017): $10M with participation from Dolik Ventures, Interplay, Third Prime Capital, and SJF Ventures
Unspecified (2018): $4.5M led by Closed Loop Fund
Series B (2019): $22.5M supported by Revolution Growth, Arborview Capital, Tao Capital Management, SJF Ventures, and Harbert Growth Partners
Unspecified (2019): $13M, investors not publicly disclosed
Debt (2020): $1M backed by PPP
Series C (2020): $31.3M with participation from Greenhouse Capital Partners, Wheatsheaf Group Limited, SJF Ventures, Revolution Growth, Harbert Growth Partners, Arborview Capital, Third Prime Capital, and Tao Capital
Debt (2021): $30M led by Horizon Technology Finance
Corporate Investment (2022): $140M supported by Goldman Sachs
Key Investors in TemperPack
Greenhouse Capital Partners
Greenhouse Capital Partners is a growth capital firm investing in companies with established business models promoting health and sustainability within the areas of Food, Agriculture, Industrials and the Environment. The firm believes that an economic revolution is underway, powered by technology and simultaneously shaped by evolving system needs, that is rapidly changing the way the company produce, move, consume and preserve goods and natural resources. Greenhouse is at the forefront of investing in this wave of change and partners with values driven teams building solutions to help make the world more resourceful and resilient.
Revolution Growth
Revolution is a venture capital firm that invests in transformative technologies and iconic destinations, supporting entrepreneurs who are redefining possibilities. With over two decades of experience, they back visionary founders at every stage of the startup journey and promote innovation beyond traditional tech hubs. Their investment strategy focuses on strengthening communities through real estate and hospitality, with a significant portion of capital allocated outside of Silicon Valley. Revolution's portfolio includes over 200 companies across more than 100 cities and 40 states and territories.
Arborview Capital
Arborview Capital invests in established, rapidly growing companies that focus on energy efficiency, resource efficiency, and renewable energy. They partner with management teams to drive sustainable growth and create shareholder value, emphasizing the importance of sustainability in business. The firm seeks to invest in companies with $5M+ in revenue and a clear path to positive EBITDA, typically investing between $5-15M. As a B Corp certified firm, Arborview Capital is committed to bettering the world through its investments and actively engages with its portfolio companies to accelerate profitable growth and impact.
What's next for TemperPack?
With substantial enterprise-level backing and a recent strategic investment, TemperPack is poised for significant expansion. The company's trajectory suggests a focus on scaling its operations, further developing its product lines, and potentially exploring new market segments. This capital infusion will likely fuel research and development into advanced sustainable materials and manufacturing processes, reinforcing its competitive advantage in the eco-friendly packaging market. The company's strategic positioning indicates a move towards solidifying its market leadership and driving broader adoption of sustainable packaging solutions.
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