Platinum Mile Ventures
West Hollywood, CA, United States
Overview
Platinum Mile invests in businesses focused on disrupting big industry that effectuate global change.
- Total investments
- 3
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Great Wrap
Participated · Seed · Aug 2024
Great Wrap makes fully compostable machine pallet wrap (and previously sold a consumer compostable cling wrap) certified by the Australasian Bioplastics Association. Its wrap is made from compostable biopolymers and plant-based oils, delivers up to 250% pre-stretch, and is denser and stronger than traditional wrap so customers can reduce thickness. The company is B‑Corp certified and has shifted focus from a consumer subscription service to B2B, targeting pallet-wrap waste in supply chains. Great Wrap recently scaled production by moving from the Mornington Peninsula to a larger facility in Tullamarine after a prior funding round. It has partnered with Opal ANZ to add its compostable pallet wrap to Opal Packaging Plus and to leverage Opal’s distribution. The business aims to produce 5,000 tonnes of certified compostable machine pallet wrap as part of efforts to divert traditional plastic from landfills. Great Wrap produces a range of compostable stretch wraps — Cling Wrap, Catering Wrap and Pallet Wrap — made from potato processing waste and a PHA biopolymer. The company first commercialised its wrap in 2020 and moved into its first facility in 2021. After closing a $24 million funding package, Great Wrap expanded into a new 12,000 sqm Tullamarine facility with capacity to manufacture 30,000 tonnes of compostable stretch wrap by the end of 2023. Phase two plans include commissioning an on-site biorefinery to produce PHA from local potato waste, expected in 2023, with capacity to upcycle nearly 50,000 tonnes of waste annually. The expansion is expected to create about 100 jobs in Victoria. Great Wrap is pursuing vertical integration to source local waste from a major potato processor and is working on collection solutions with Australian industrial composting facilities for pallet wrap end-of-life. Co-founders Jordy and Julia Kay say the equity raise will support product growth, team expansion, R&D and international market launches.
- OROS Labs
Participated · Series B · Apr 2024
OROS Labs builds Solarcore®, a polymer aerogel–based insulation material that the company says is the world’s lowest thermally conductive solid and is designed for durability and versatility across many product categories. Solarcore® targets applications from cold-weather apparel to structures, packaging, and aerospace/space thermal management, claiming benefits in heat retention, reduced weight, and improved transport and setup efficiencies. The company highlights dual-use demand and strategic partnerships with consumer footwear brands (Merrell, L.L. Bean) and the U.S. Department of Defense, including work to upgrade Army cold-weather tactical shelters. OROS emphasizes commercialization through expanded manufacturing, scaled product offerings, and continued research and development. The company has also recruited an experienced leadership and advisory team from industry and defense backgrounds to support growth.
- Yummers
Participated · Seed · Oct 2022
Yummers is a Los Angeles-based omni-channel pet lifestyle brand co-founded by Antoni Porowski, Jonathan Van Ness, Rebecca Frechette Rudisch, and Caravan. The company sells a first line of premium products that includes 18 varieties of high-quality food mix-ins for dogs and cats, offered as "Gourmet Mix-Ins" and "Functional Mix-Ins." Products are sold direct-to-consumer at YummersPets.com, on Petco.com, and in more than 1,000 Petco locations nationwide. Yummers plans to use the capital to support its omni-channel brand strategy and a national partnership with Petco to reach high-value pet parents across the U.S. The company’s board will include representatives from investors and existing partners, positioning them to scale distribution and marketing efforts.
Team
No current team members are available.