James McGoff, the chief product officer and co-founder of TemperPack Inc., says the $140 million funding round his Richmond company secured in March will help it execute on an ambitious blueprint to build it into something that will last a long time and do a lot of good.
That plan includes what McGoff said will be a “very disruptive” new product from the 350-employee company, which makes sustainable materials to replace traditional plastic packaging — products it says reduce plastic waste and carbon emissions.
“This round is more about executing on our long-term strategy, stability and growth, while fortifying our position as the largest replacement of coolers in the country,” said McGoff. “We’re going to invest into our production lines on our ClimaCell line. We’re also going to invest into new solutions and new markets, including markets beyond just cold chain or shipping perishable things.”
McGoff declined to elaborate further on that forthcoming product line, but…
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