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VideoReel - LocalLeadsNeos

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

Vericool, a Livermore, Calif.-based startup that’s replacing plastic cools and carton with plant-based commodities, has raised $19.1 million in a brand-new round of financing.

The company’s stated point is to replace traditional packaging materials like polystyrene with plant-based insulating packaging materials.

Its technology squanders 100% recycled paper fibers and other plant-based textiles, according to the company, and are curbside recyclable and compostable.

Investors in the round include Radicle Impact Partners, The Ecosystem Integrity Fund, ID8 Investments and AiiM Partners, according to a statement.

“We’re pleased to support Vericool because of the company’s track record of innovation, high-performance produces, well-established patent portfolio and are concentrated on environmental resilience. We are inspired by the company’s social justice commitment to address recidivism and ply workplace opportunity to formerly incarcerated mortals, ” said Dan Skaff, succeeding collaborator of Radicle Impact Marriage and Vericool’s new lead-in superintendent.

Read more: feedproxy.google.com

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