Varden
Varden manufactures and supplies food processing packaging materials.
Backed by
Raised 2.2M EQUITY on April 24, 2020
About
Varden uses a containerized thermoforming process to convert sugarcane bagasse into molded, plastic-like paper packaging for coffee pods and medical blister packs; pilot plants produce 20M units annually.
Mission
Co-founded by Stuart Gordon and Mark Appleford, Varden has developed a thermoforming process that converts sugarcane bagasse into a molded, paper-like packaging material with the look and feel of plastic. The production system fits inside a 40-foot container and removes steps used by many bioplastic approaches. The founders began work in 2015 (initial laundry-room prototyping led to a small seed round) and have run pilots with customers such as Fisher & Paykel. Varden targets hard-to-replace items first, notably coffee pods, and estimates more than 20 billion pods are consumed annually. With new funding, the company will begin manufacturing at scale to meet pilot-customer demand and aims to expand its product line to include medical blister packs. A pilot plant on their product lines can generate about 20 million units a year.
Quick Facts
Founded
2015
Funding
EQUITY
Industry
Manufacturing, Packaging Services, Sales
Team Size
11-50
Headquarters
Clayton, Victoria, Australia
Careers
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