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

AeroSafe Global Overview

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

United StatesRochester, MN

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

AeroSafe Global funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2023Undisclosed stageNewSpring (lead); Hamilton Lane; WAVE Equity Partners; Escalate Capital Partners; Merck Global Health Innovation Fund; Peloton Equity; Flexstone Partners$78MAeroSafe 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 2020Undisclosed stageHamilton Lane; WAVE Equity Partners; Escalate Capital Partners; Comerica Incorporated; Merck Global Health Innovation Fund; Peloton Equity; Flexstone Partners$48MAeroSafe 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 2019Undisclosed stagePeloton Equity (lead); Hamilton Lane; Flexstone Partners$32MAeroSafe 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 2018Series A-$6MAeroSafe 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 2016Seed-$1M-
Dec 2015Series A-$10M-
Jul 2015Series A-$5M-
Apr 2014Seed-$3M-
Feb 2013Seed-$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

Investors in AeroSafe Global by funding rounds participated
InvestorHQRoundsRoleFirst check
Hamilton LaneUnited StatesPhiladelphia, PA3ParticipantJul 2019
Peloton EquityUnited StatesGreenwich, CT3LeadJul 2019
Flexstone PartnersUnited StatesNew York City, NY3ParticipantJul 2019
WAVE Equity PartnersUnited StatesBoston, MA2ParticipantSep 2020
Escalate Capital PartnersUnited StatesAustin, TX2ParticipantSep 2020
Merck Global Health Innovation FundUnited StatesWoodcliff Lake, NJ2ParticipantSep 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 Trial

Investments 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

TagNTrac
Description
TagNTrac is an IoT platform integrating hardware, software, and data analytics to develop custom solutions for tracking and monitoring applications across industries.
HQ CountryUnited States
HQ City
San Diego, CA
Deal Date25 Jan 2022
RoundSeries A
Raised$10M
InvestorsMerck Global Health Innovation Fund; Dell Technologies Capital
Valuationundisclosed
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.

Public and private companies comparable to AeroSafe Global
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BioElementsChileSantiagoPrivate$6M-$200M33.3x
Wuxi AppTecChinaChinaPublicly listed$6.8B$4B$73B8.2x
Samsung BioLogicsSouth KoreaSouth KoreaPublicly listed$3.3B$2B$47B12.5x
Lonza GroupSwitzerlandSwitzerlandPublicly listed$7.9B$2.5B$46B5.9x
IQVIAUnited StatesUnited StatesPublicly listed$16B$3.4B$44B3.4x
BioRay PharmaceuticalsChinaShanghaiPrivate$131M-$1.9B14.5x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Linde$34B$13B6.9x6.6x18.3x16.9x
Sherwin-Williams$24B$4.5B3.9x3.7x20.5x19.1x
Ecolab$16B$3.8B5.3x4.9x22.6x20.0x
Wuxi AppTec$6.8B$4B10.0x8.2x17.0x16.2x
Shin-Etsu$17B$5.7B3.6x3.5x10.3x10.1x
Air Products$12B$1.3B6.9x6.6x62.5x15.3x
Nan Ya Plastics$8.2B$986M7.6x6.2x62.8x28.3x
BASF$69B$8.2B1.1x1.0x8.9x8.6x

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.

See companies similar to AeroSafe Global

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial