Vericool announced the close of $5 million in financing led by BillerudKorsnas AB.
Vericool creates sustainable packaging that protects products, people, and the planet. For the pharmaceutical and health industries, patented Vericoolers offer a unique cold chain shipping option that is durable, reliable, and low-cost, and that protect medicines, vaccines, and biologicals while dramatically reducing the industry’s environmental footprint. For the fast-growth food kit and meal delivery subscription industry, Vericool aims to help companies ensure the safety of meals in a way that makes both financial and environmental sense.
The company revealed that the new funding will be used for capacity expansion to meet increasing demand from customers in meal subscription and pharmaceutical life sciences industries and to expand operations in California, the midwest, and the east coast.