What is TemperPack?
Founded in 2015 and headquartered in Richmond, Virginia, TemperPack offers innovative packaging solutions designed to lower costs for businesses while simultaneously reducing their environmental footprint. The company's offerings cater to a growing demand for sustainable alternatives in the logistics and shipping industries. The scale of its funding, particularly the recent major strategic investment, indicates a strong market position and investor confidence in its business model and future potential.
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 Third Prime Capital, Dolik Ventures, SJF Ventures, and Interplay
Unspecified (2018): $4.5M led by Closed Loop Fund
Series B (2019): $22.5M supported by Tao Capital Management, SJF Ventures, Revolution Growth, Harbert Growth Partners, and Arborview Capital
Unspecified (2019): $13M, investors not publicly disclosed
Debt (2020): $1M backed by PPP
Series C (2020): $31.3M with participation from Harbert Growth Partners, Arborview Capital, SJF Ventures, Wheatsheaf Group Limited, Revolution Growth, Third Prime Capital, Greenhouse Capital Partners, and Tao Capital
Debt (2021): $30M led by Horizon Technology Finance
Corporate Investment (2022): $140M supported by Goldman Sachs
Key Investors in TemperPack
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to corporations, governments, and institutional and individual clients, including mergers and acquisitions advisory, underwriting, asset management, securities trading, and wealth management.
Horizon Technology Finance
Horizon Technology Finance is a specialty finance company that operates within the broader financial services sector, focusing on providing structured debt financing solutions to development-stage companies. The organization is structured as a business development company and is primarily engaged in venture lending, offering capital to businesses that are backed by venture capital and private equity investors.
Dolik Ventures
Dolik Ventures is an early-stage venture capital firm. It invests in the software, containers and packaging sectors. The company was founded in 2017 and is headquartered in New York, New York.
What's next for TemperPack?
With substantial enterprise-level funding and a recent strategic investment, TemperPack is poised for accelerated growth and market expansion. The company is likely to leverage this capital to enhance its product development, scale its operations, and further solidify its position as a leader in sustainable packaging. Future initiatives may include expanding its service offerings, entering new geographic markets, and forging strategic partnerships to amplify its impact.
See full TemperPack company page
