Vericool, a Livermore, Calif.-centered startup that’s replacing plastic coolers and packaging with plant-based items, has raised $19.1 million in a new round of funding.
The company’s said goal is to exchange common packaging components like polystyrene with plant-based mostly insulating packaging products.
Its know-how works by using 100% recycled paper fibers and other plant-primarily based materials, according to the corporation, and are curbside recyclable and compostable.
Traders in the round include things like Radicle Impression Associates, The Ecosystem Integrity Fund, ID8 Investments and AiiM Partners, in accordance to a statement.
“We’re delighted to aid Vericool for the reason that of the company’s observe history of innovation, higher-efficiency goods, very well-set up patent portfolio and concentration on environmental resilience. We are inspired by the company’s social justice motivation to address recidivism and present place of work prospect to formerly incarcerated folks,” claimed Dan Skaff, handling spouse of Radicle Effects Associates and Vericool’s new lead director.