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Aerosafe Global Announces $43M Financing Round

Aug 29, 2023•over 2 years ago

Amount Raised

$43 Million

RochesterOther

Investors

Escalate CapitalWave Equity PartnersFlexstone CapitalHamilton LaneMerck Global Health Innovation FundPeloton EquityNew Spring Health CapitalNew Spring

Description

AeroSafe Global (AeroSafe), the industry-leading cold chain solution provider, announced today the closure of a $43M funding round led by NewSpring, via NewSpring Health Capital, the Firm's dedicated healthcare fund. Existing blue chip healthcare investors, including Peloton Equity, Merck Global Health Innovation Fund, Hamilton Lane, Flexstone Capital, Wave Equity Partners, and Escalate Capital, also participated in the round. This growth capital will be used to support continued customer growth with innovative product development and increased operational capacities.

Company Information

Company

AeroSafe Global

Location

460 BUFFALO ROAD, SUITE 200A

Rochester, New York, United States

About

American Aerogel Corporation is doing business as Aerosafe Global. AeroSafe Global provides the most reliable, simple and sustainable temperature sensitive supply chain solutions to the world’s leading biopharma companies. With proprietary packaging, logistics and operational services, AeroSafe builds customized solutions that ensure the safe delivery of temperature sensitive biopharmaceuticals.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech