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TemperPack Technologies
TemperPack was founded in 2015 by Brian Powers, James McGoff, and John Willi, all University of Virginia alumni who recognized the environmental and...
TemperPack Technologies
TemperPack was founded in 2015 by Brian Powers, James McGoff, and John Willi, all University of Virginia alumni who recognized the environmental and regulatory pressure on expanded polystyrene (EPS) foam packaging. The company's core product, ClimaCell, is a fiber-based insulation made from paper and plant materials that meets compostability standards and maintains temperature control for perishable goods. Initial backing came from venture firms including The Engine, Revolution's Rise of the Rest Fund, and Piedmont Capital (per public record, 2016-2020). The company's deployment strategy focuses on two verticals: cold-chain food delivery (meal kits, produce, dairy) and pharmaceutical shipping (temperature-sensitive drugs and vaccines). TemperPack manufactures at a 200,000-square-foot facility in Richmond, Virginia, and has expanded capacity to meet growing demand driven by state-level EPS bans in states including New Jersey, Colorado, and Washington. Confirmed investors include The Engine, Revolution, and Spero Ventures (per SEC filings, 2021). TemperPack raised approximately $140M in Series D funding in 2021, led by The Engine, bringing total disclosed funding to over $160M (per SEC filing, August 2021). The company employs roughly 200 people across its Richmond headquarters and manufacturing plant. No additional offices or philanthropic vehicles are publicly disclosed. In early 2023, TemperPack announced a strategic partnership with UPS to integrate ClimaCell packaging into the carrier's cold-chain logistics network (per press release, February 2023). TemperPack's structural differentiator is its vertically integrated manufacturing model - rather than licensing or outsourcing production, the company owns and operates its own plant, giving it direct control over cost and quality in a market where substitutes for EPS typically face supply-chain fragmentation. This insourcing approach allows TemperPack to price competitively against incumbent foam while offering a compostable alternative at scale.
General information
Firm type
other
Year founded
2015
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Richmond
Corporate office
Richmond, VA, United States
Principals
Brian Powers
Co-Founder & CEO
James McGoff
Co-Founder & Chief Business Officer
John Willi
Co-Founder & Chief Technology Officer
Sector focus
Frequently asked questions
Who runs investment decisions at TemperPack?
Investment decisions at TemperPack are overseen by CEO and co-founder Brian Powers, along with the board of directors which includes representatives from lead investors The Engine and Revolution. The company is a venture-backed operating business, not a family office or investment firm, so capital allocation is driven by the executive team and board, not an external allocator.
How does TemperPack source proprietary deal flow?
TemperPack is a manufacturing company, not an investment firm, so it does not source deal flow. Its customer relationships come from direct sales to meal-kit companies (such as ones requiring sustainable packaging) and pharmaceutical shippers, as well as through partnerships like the one with UPS (per press release, February 2023). The company's growth is driven by regulatory tailwinds and customer demand for compostable alternatives to EPS.
Is TemperPack structured as a single family office or does it operate more like a venture firm?
TemperPack is a privately held corporation, not a family office or venture firm. It is a for-profit operating company that manufactures packaging materials. Its investors include venture capital firms, but the company itself is an industrial manufacturer focused on production of its ClimaCell product line.
Does TemperPack participate in fund commitments or only direct deals?
TemperPack does not participate in fund commitments or direct investing. It is an operating company that seeks equity financing from venture capital and growth equity investors to fund its manufacturing expansion and commercial operations. The only capital it deploys is into its own business operations and capital expenditures.
What investment stages does TemperPack typically target?
TemperPack is not an investor; it is a portfolio company that has raised venture financing at multiple stages - seed, Series A, and Series D. It does not target investment stages for external deployment. Its investors are venture and growth firms such as The Engine and Revolution (per SEC filings, 2021).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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