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Vericool raises $19.1 million for its plant-based packaging replacement for plastic coolers

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Vericool raises $19.1 million for its plant-based packaging replacement for plastic coolers

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 acknowledged aim is to interchange conventional packaging supplies like polystyrene with plant-based insulating packaging supplies.

Its expertise makes use of 100% recycled paper fibers and different plant-based supplies, based on the corporate, and are curbside recyclable and compostable.

Investors within the spherical embody Radicle Impact Partners, The Ecosystem Integrity Fund, ID8 Investments and AiiM Partners, based on a press release.

“We’re happy to help Vericool due to the corporate’s observe document of innovation, high-performance merchandise, well-established patent portfolio and give attention to environmental resilience. We are impressed by the corporate’s social justice dedication to handle recidivism and supply office alternative to previously incarcerated people,” stated Dan Skaff, managing accomplice of Radicle Impact Partners and Vericool’s new lead director. 


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