Startup · $43m raised
Makes compostable cling wrap out of potato peels and food waste
Melbourne, VIC
Every investor coverage indicates participated in a round Great Wrap raised.
| Investor | Rounds | Invested |
|---|---|---|
| Aryna Sabalenka | Unnamed stage | - |
| Barrel Ventures | Unnamed stage | - |
| Belgian govt | Unnamed stage | $2,500,000 |
| Platinum Mile | Unnamed stage | - |
| RCV Partners | Unnamed stage | - |
| Startmate | Unnamed stage | - |
| Thomas Foods | Unnamed stage | - |
| DLL | Accelerator | $13,000,000 |
| LaunchVic | Accelerator | - |
| Rabobank | Accelerator | - |
| Grill'ed Innovation fund | Accelerator · Series A | - |
| Groundswell | Accelerator · Series A | - |
| Small Giants | Accelerator · Series A | - |
| Springbank Collective | Accelerator · Series A | - |
| Thai Wah Ventures | Accelerator · Series A | - |
| Trail Mix Ventures | Accelerator · Series A | - |
| W23 | Accelerator · Series A | - |
| Darren Thomas | Unnamed stage · Accelerator · Series A | - |
| Giant Leap | Unnamed stage · Accelerator · Series A | - |
Companies Great Wrap acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Great Wrap. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Startmate reflects on a decade of backing founders, profiling breakout alumni across its cohorts and describing how its mentors reinvest in newer startups, alongside its fund model and returns.
Profiles ten Australian women founders across prosthetics, sustainable materials, wellness, mental health and AI, including three recipients of a Xero award program and a Cartier fellowship.
Also SmartCompany
A profile of Startmate ranking the twenty most valuable companies it has backed, noting their valuations, past raises and founders, plus Bugcrowd's newly announced purchase of Informer and its climate focus.
Weekly roundup covering seven ANZ startup raises — Bare Funerals, Humii, WeMoney, CLT Toolbox, Clean Slate Clinic, SpatialGPT and Great Wrap — plus LaunchVic's $900,000 into Paul Little's Skalata fund.
Weekly roundup listing seven Australian startups and their raises, totalling $17.7 million across AI, packaging materials, fintech, digital health, music licensing, construction software and swimwear.
Also Startup Daily
Compostable packaging maker Great Wrap raised $5 million backing its distribution partnership with Opal ANZ; new backers include Aryna Sabalenka and RCV Partners, with follow-ons; its $24 million Series A is recalled.
Publisher's manufacturing roundup: Anagenics completes a $1.3m placement, Harvest B hires an NPD lead, Great Wrap launches a compostable wrap product, AICRAFT and GoMicro partner on agtech, and Transmutation wins a Telstra business award.
Feature on Australia's fast-growing climate tech sector, recounting raises at companies including Neara, Loam Bio, Goterra and Great Wrap, and warning that scarce growth capital and limited foreign investment could stall the industry.
Ignition Lane's weekly wrap: Tiger Global's losses and past Australian bets, MilkRun and TradeSquare closures, Cyara's Spearline acquisition, a Co Ventures pre-seed fund, Square Peg's partner promotion and LaunchVic's 30×30 picks.
Ignition Lane's year-end review of 2022 tech news: shifting VC sentiment, record Australian fund raises, grocery delivery failures and shutdowns, local M&A, crypto fallout, awards, and global stories from Twitter to ChatGPT.
Also AgFunderNews
Victorian compostable stretch wrap maker Great Wrap has secured an $11 million Series A from impact backers plus $13 million in asset financing, supporting a new Tullamarine plant and coming overseas expansion.
Sustainable packaging firm Great Wrap has closed a $24 million Series A, combining equity from Darren Thomas and Woolworths' W23 with asset finance, to build a potato-waste bioplastics facility in Victoria.
Also SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany
Twenty-four Australian manufacturers have won federal grants via AMGC's Commercialisation Fund, spanning clean energy, medical, food, defence, resources and space projects, with industry co-investment lifting total project funding beyond $32 million.
Twenty-four Australian manufacturers received grants totalling just over nine million dollars under the Advanced Manufacturing Growth Centre's Commercialisation Fund, matched by far larger private co-investment across six national manufacturing priority areas.
Also @AuManufacturing·Startup Daily·@AuManufacturing·@AuManufacturing·@AuManufacturing·@AuManufacturing
Compostable wrap maker Great Wrap has launched a catering wrap for Australian businesses, reports staff growth and pre-orders for pallet wrap, and recalls a $3 million seed raise.