Vericool raises $19.1 million for its plant-based packaging replacement for plastic coolers – TechCrunch
Vericool, a Livermore, Calif.-based startup that’s changing plastic coolers and packaging with plant-based merchandise, has raised $19.1 million in a brand new spherical of financing.
The firm’s said objective is to interchange conventional packaging supplies like polystyrene with plant-based insulating packaging supplies.
Its know-how makes use of 100% recycled paper fibers and different plant-based supplies, based on the corporate, and are curbside recyclable and compostable.
“We’re happy to assist Vericool due to the corporate’s observe document of innovation, high-performance merchandise, well-established patent portfolio and deal with environmental resilience. We are impressed by the corporate’s social justice dedication to handle recidivism and supply office alternative to previously incarcerated people,” mentioned Dan Skaff, managing associate of Radicle Impact Partners and Vericool’s new lead director.