Deal Details

AeroSafe Raises Series F Funding

Healthcare

AeroSafe Series F funding led by NewSpring Capital

Summary

AeroSafe Global (“AeroSafe”) has raised a $43 million round of funding, led by NewSpring Capital. The Series F preferred growth equity funding also included existing investors: Peloton Equity, Merck Global Health Innovation Fund, Hamilton Lane, Flexstone Partners, Wave Equity Partners and Escalate Capital. The capital will be used to support continued customer growth with innovative product development and increased operational capacities.

Baird served as the exclusive placement agent to AeroSafe on this transaction.

About

AeroSafe Global is the leader in biopharmaceutical cold chain solutions, providing 'Cold Chain as a Service' (CCaaS) to ensure the safe, sustainable delivery and effective use of pharmaceuticals. Its comprehensive service offering includes high-tech reusable thermal packaging, outsourced supply chain services, and a temperature monitoring control tower, all part of a pay-per-turn, hassle-free program. AeroSafe Global delivers outstanding reliability with significant sustainability benefits through its industry-leading reuse program that reduces carbon usage and landfill by 65% and 90%, respectively, compared to traditional Styrofoam containers. AeroSafe is headquartered in Rochester, New York.

NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. NewSpring manages over $3.0 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having invested in over 200 companies, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. NewSpring is headquartered in Radnor, Pennsylvania.

Healthcare

AeroSafe Series F funding led by NewSpring Capital