BluWrap develops patented and FDA-approved packaging technology that uses oxygen management techniques to create and maintain an all-natural controlled-atmosphere environment to extend the shelf life of perishable proteins. The company produces BluBuoys, a proprietary oxygen management device used to extend shelf life and ship fresh protein globally. Led by CEO Ola Strand, BluWrap secured further equity financing via a Series D to support scaling. The company intends to use the funds to build the team and increase production of BluBuoys. It will also finance costs associated with developing a high-throughput packaging line in collaboration with its commercial partners. The raise is described as additional Series D equity funding led by existing investor Wheatsheaf Group. BluWrap develops an all-natural controlled-atmosphere technology that leverages patented oxygen-management techniques to extend the shelf life of perishable proteins. Its approach allows suppliers to ship by ocean freight rather than more expensive airfreight. The company is led by CEO Mark Barnekow and has operations in Talcahuano, Chile. BluWrap secured $12.6m in equity financing led by Wheatsheaf Investments Ltd., part of the Grosvenor Estate, with participation from existing investors Anterra Capital, Firelake Capital and Rabo Ventures. It intends to use the funds to accelerate adoption of its technology, secure new global sources of protein supply, expand into new geographic markets, and further develop capabilities in other seafood species and pork.

Total raised

$13M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2014