TemperPack, a company founded by three Millennials in Richmond, Virginia is changing the packaging business by setting for their business not only financial goals but also CO2 reduction goals achieved through the use by their customers of their revolutionary packaging.
TemperPack's founders are cashing in on consumers' disdain for difficult-to-dispose-of product packaging.
TemperPack, a leader in sustainable packaging, and Albertsons Companies are teaming up to divert tens of thousands of pounds of waste from the landfill every year. The grocer announced today that it is swapping out traditional Styrofoam® coolers in its pharmacy shipments in favor of TemperPack's paper-based insulator, ClimaCell™. ClimaCell™ represents a significant breakthrough in packaging technology, allowing companies to protect temperature-sensitive shipments for up to 80 hours while significantly reducing packaging waste.
TemperPack, the leader in sustainable thermal packaging solutions, announced that it has raised $22.5 million in Series B financing led by Revolution Growth, with other new investors Harbert Growth Partners, Arborview Capital and Tao Capital Partners, and with existing investor SJF Ventures also participating in the round. With the new financing, Todd Klein, Partner at Revolution Growth, and Brian Carney, General Partner at Harbert Growth Partners, will join the board.
TemperPack is offering two new environmentally friendly solutions to keep food shipments cold on the way to people’s homes.
Diplomat Pharmacy has selected TemperPack’s ClimaCell coolers for shipping its temperature-sensitive medication. ClimaCell coolers will allow Diplomat to avoid more than five tons of plastic to enter into landfills each week.
Often working together, designers, engineers, biologists, investors, and recyclers are now striving to develop packaging that falls within the mandates of what’s known as the circular economy. It’s a design framework that eschews the linear “take, make, waste” model that leads from oil well to refinery, manufacturing plant to supermarket, consumer to landfill. Instead, it envisions supply chains that continuously cycle old materials back into high-value products—with an emphasis on long-lasting design, remanufacturing, and reuse—and business models that favor sharing and leasing (washing machines, cars), rather than ownership.