Led · Equity · Sep 2017

Vericool develops and manufactures patented and patent-pending environmentally friendly thermal packaging made from 100% recycled paper fibers and other plant-based materials. Its products are designed for temperature-controlled shipping of food and medical products and can meet customer-defined ASTM and ISTA standards. Vericool introduced the world’s first eco-friendly cooler in 2017 and offers customizable, high-performing alternatives to expanded polystyrene. The packaging is curbside recyclable and compostable, aiming to eliminate plastic pollution from traditional insulating materials. The company emphasizes cost-effectiveness and has a social mission to reduce recidivism by providing workplace opportunities to formerly incarcerated individuals. Vericool is headquartered in Livermore, California and was founded in 2015. The company intends to use new capital to scale production and rapidly penetrate growing demand across industries including food service and pharmaceuticals. Vericool develops Vericoolers—recyclable and compostable insulated cold-chain packaging positioned as a high-performing alternative to polystyrene (EPS/Styrofoam). Their patented and patent-pending products keep cold products cold up to the critical 96-hour range and can perform to customer-defined ASTM and ISTA standards. Customers include companies in the pharmaceutical, biosciences and meal subscription/food delivery sectors. The company is based in Livermore, California, and has moved from concept to performance verification. Vericool closed $5 million in funding led by BillerudKorsnäs Venture AB to support capacity expansion and geographic growth. The capital will be used to expand capacity to meet increasing demand and to grow operations in California, the Midwest and on the East Coast.