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- AeroSafe Global
AeroSafe Global Funding, Investors & Competitors
AeroSafe Global has raised $187M across 9 funding rounds, most recently a $78M undisclosed-stage round in August 2023.
Last AeroSafe Global funding round
$78M
Undisclosed stage · Aug 2023
Cumulative funding AeroSafe Global raised
$187M
across 9 funding rounds
Key investors in AeroSafe Global
Hamilton Lane
Peloton Equity
Flexstone Partners
Merck Global Health Innovation Fund
WAVE Equity Partners
Escalate Capital Partners
NewSpring
Comerica Incorporated
About AeroSafe Global
AeroSafe Global is a Hillsboro, Oregon-headquartered specialist in aerogel-based thermal packaging and cold chain logistics for biopharmaceuticals. Its PureShield products maintain temperatures from -80°C to 25°C without dry ice, used by Pfizer and Moderna for vaccine shipments. The company operates ISO-certified facilities in the U.S. and Europe, providing end-to-end services including qualified packaging validation and global distribution to over 100 countries.
Founded
1995
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
AeroSafe Global Funding History
AeroSafe Global has raised a total of $187M across 9 funding rounds.
AeroSafe Global's first fundraising round was a $5M seed round in February 2013. The most recent completed round was a $78M undisclosed-stage round in August 2023.
AeroSafe Global funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2023 | Undisclosed stage | NewSpring (lead); Hamilton Lane; WAVE Equity Partners; Escalate Capital Partners; Merck Global Health Innovation Fund; Peloton Equity; Flexstone Partners | $78M | AeroSafe Global is an industry-leading cold chain solution provider specializing in technology-enabled services for the safe and timely delivery of temperature-sensitive biopharmaceuticals and biologics, addressing visibility and responsiveness to prevent costly drug inventory losses. On August 29, 2023, the company closed a $43 million growth equity funding round, described as Series F in some reports, led by NewSpring via its NewSpring Healthcare or NewSpring Health Capital strategy. Participating investors included existing backers Escalate Capital Partners, Flexstone Partners, Hamilton Lane, Merck Global Health Innovation Fund, Peloton Equity, and WAVE Equity Partners, matching the query details precisely. The capital is designated to fuel continued customer growth through innovative product development and expanded operational capacities amid explosive demand for biologics and temperature-controlled therapeutics. As part of the deal, Pete Buzy, former Chairman of Gene Therapy at Catalent and NewSpring Advisory Partner, joined the AeroSafe Board of Directors, bringing deep healthcare expertise. NewSpring General Partner Kapila Ratnam, Ph.D., highlighted AeroSafe's role in redefining cold chain solutions for the pharmaceutical industry's challenges. CEO Jay McHarg emphasized NewSpring's fit as a partner for AeroSafe's rapid expansion in existing and emerging markets. This round aligns with NewSpring's thesis-driven focus on healthcare companies improving health outcomes, part of their broader portfolio managed across $3 billion in assets. The investment precedes NewSpring Health Capital IV's final close in early 2024 with over $180 million, where AeroSafe was one of six prior investments. |
| Sep 2020 | Undisclosed stage | Hamilton Lane; WAVE Equity Partners; Escalate Capital Partners; Comerica Incorporated; Merck Global Health Innovation Fund; Peloton Equity; Flexstone Partners | $48M | AeroSafe Global announced the closing of a $47.5 million growth financing round in September 2020 with participation from new investors Merck Global Health Innovation Fund and Escalate Capital, along with existing investors Peloton Equity, Hamilton Lane, Flexstone Partners, and WAVE Equity Partners. Comerica Bank also expanded the company's borrowing capacity as part of the round. The funding was designated for new value-added services and technologies, and to further expand into new geographies. AeroSafe Global is an outsourced cold-chain-as-a-service solutions provider to the pharmaceutical, biopharmaceutical, specialty pharmacy, and medical device industries, serving 12 of the top 20 global pharmaceutical companies. The company's business combines proprietary temperature-controlled packaging products with supply chain management services to ensure safe, efficient, and sustainable delivery of temperature-sensitive drugs and devices. AeroSafe's reusable packaging and business model reduced customer greenhouse gas emissions by 40 million pounds annually. The pharmaceutical industry faced significant losses—approximately $34 billion from vaccines exposed to temperatures outside specified ranges in 2019—which AeroSafe addressed through its end-to-end cold-chain solutions combining intelligent packaging with best-in-class logistics support. |
| Jul 2019 | Undisclosed stage | Peloton Equity (lead); Hamilton Lane; Flexstone Partners | $32M | AeroSafe Global is a provider of cold chain solutions for the biopharmaceutical industry, specializing in reusable thermal packaging, outsourced supply chain services, and temperature monitoring to ensure safe delivery of pharmaceuticals. In July 2019, the company announced a $31.5 million growth capital investment from Peloton Equity, accounts managed by Hamilton Lane, and existing investors including Flexstone Partners. The funding was intended to accelerate sales and marketing, launch new value-added services and technologies, and expand into new geographies such as Asia and Europe. Peloton Equity partner Justin Yang highlighted AeroSafe's innovative re-use business model, product technology, and customer service in the massive pharma supply chain market. CEO Jay McHarg noted Peloton's healthcare expertise would aid industry adoption. Ted Lundberg and Justin Yang from Peloton joined the AeroSafe board. Peloton targets healthcare companies with $20-200 million in revenue for significant growth. This 2019 round preceded later financings, including a $47.5 million growth round in 2020 with Merck Global Health Innovation Fund, Escalate Capital, and existing investors, and a $43 million Series F in 2023 led by NewSpring with participation from prior backers. |
| Jul 2018 | Series A | - | $6M | AeroSafe Global secured $31.5 million in funding in July 2019 from Peloton Equity and existing investors including Flexstone Partners. The company provides cold chain as a service for biopharmaceuticals, offering cold packaging for temperature-sensitive medicines with a reusable model to reduce costs and waste. Primarily operating in the U.S. and Canada with initial European presence, the funding supports expansion into Asia and growth in Europe. About 30 Fortune 500 medical and pharmaceutical clients use its services. The global biopharmaceutical cold-chain logistics market was valued at $15 billion in 2018. |
| Sep 2016 | Seed | - | $1M | - |
| Dec 2015 | Series A | - | $10M | - |
| Jul 2015 | Series A | - | $5M | - |
| Apr 2014 | Seed | - | $3M | - |
| Feb 2013 | Seed | - | $5M | - |
Who has invested in AeroSafe Global?
8 investors have backed AeroSafe Global across its funding rounds, including Hamilton Lane, Peloton Equity, Flexstone Partners, Merck Global Health Innovation Fund, WAVE Equity Partners and Escalate Capital Partners.
Lead investors include NewSpring and Peloton Equity.
AeroSafe Global Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jul 2019 | ||
| 3 | Lead | Jul 2019 | ||
| 3 | Participant | Jul 2019 | ||
| 2 | Participant | Sep 2020 | ||
| 2 | Participant | Sep 2020 | ||
| 2 | Participant | Sep 2020 | ||
This data is available for Pro users. Sign up to see all 8 AeroSafe Global investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialInvestments by AeroSafe Global
AeroSafe Global has invested in 1 company to date.
Latest investment by AeroSafe Global was on January 25th 2022. AeroSafe Global invested in TagNTrac in their $10M Series A round.
Latest Investments by AeroSafe Global
| Description | TagNTrac is an IoT platform integrating hardware, software, and data analytics to develop custom solutions for tracking and monitoring applications across industries. |
| HQ Country | |
| HQ City | San Diego, CA |
| Deal Date | 25 Jan 2022 |
| Round | Series A |
| Raised | $10M |
| Investors | Merck Global Health Innovation Fund; Dell Technologies Capital |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all AeroSafe Global investments and their VC round multiples. Start Free Trial | |
AeroSafe Global Competitors
AeroSafe Global competitors include listed companies like Wuxi AppTec, Samsung BioLogics, Lonza Group and IQVIA, and private ones like BioElements and BioRay Pharmaceuticals.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $6M | - | $200M | 33.3x | ||
| Publicly listed | $6.8B | $4B | $73B | 8.2x | ||
| Publicly listed | $3.3B | $2B | $47B | 12.5x | ||
| Publicly listed | $7.9B | $2.5B | $46B | 5.9x | ||
| Publicly listed | $16B | $3.4B | $44B | 3.4x | ||
| Private | $131M | - | $1.9B | 14.5x |
AeroSafe Global Public Comps
AeroSafe Global is still privately-owned, but its public comps include Linde, Sherwin-Williams, Ecolab, Wuxi AppTec, Shin-Etsu, Air Products, Nan Ya Plastics, BASF, Samsung BioLogics and Lonza Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $34B | $13B | 6.9x | 6.6x | 18.3x | 16.9x | |||
| $24B | $4.5B | 3.9x | 3.7x | 20.5x | 19.1x | |||
| $16B | $3.8B | 5.3x | 4.9x | 22.6x | 20.0x | |||
| $6.8B | $4B | 10.0x | 8.2x | 17.0x | 16.2x | |||
| $17B | $5.7B | 3.6x | 3.5x | 10.3x | 10.1x | |||
| $12B | $1.3B | 6.9x | 6.6x | 62.5x | 15.3x | |||
| $8.2B | $986M | 7.6x | 6.2x | 62.8x | 28.3x | |||
| $69B | $8.2B | 1.1x | 1.0x | 8.9x | 8.6x | |||
This data is available for Pro users. Sign up to see all AeroSafe Global competitors and their valuation data. Start Free Trial | ||||||||
Common questions about AeroSafe Global
| When was AeroSafe Global founded? | AeroSafe Global was founded in 1995. |
| Where is AeroSafe Global headquartered? | AeroSafe Global is headquartered in Rochester, MN, United States. |
| Is AeroSafe Global publicly listed? | No, AeroSafe Global is a private, VC-backed company. |
| How much funding has AeroSafe Global raised? | AeroSafe Global has raised $187M across 9 funding rounds. |
| What was AeroSafe Global's last funding round? | AeroSafe Global's last funding round was a $78M undisclosed-stage round in August 2023, led by NewSpring. |
| Who are AeroSafe Global's investors? | AeroSafe Global's investors include Hamilton Lane, Peloton Equity, Flexstone Partners, WAVE Equity Partners, Escalate Capital Partners, Merck Global Health Innovation Fund, Comerica Incorporated and NewSpring. |
| Which companies are comparable to AeroSafe Global? | Companies comparable to AeroSafe Global include BioElements, Wuxi AppTec, Samsung BioLogics, Lonza Group, IQVIA and BioRay Pharmaceuticals. |
| How many companies has AeroSafe Global invested in? | AeroSafe Global has invested in 1 company, including TagNTrac. |
| What was AeroSafe Global's last investment? | In January 2022, AeroSafe Global invested in TagNTrac's $10M Series A alongside Merck Global Health Innovation Fund and Dell Technologies Capital. |
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