About Minus Works
Minus Works is a company based in Islandia (United States) founded in 2020 was acquired by Nordic Cold Chain Solutions in October 2024.. Minus Works has raised $1.8 million across 1 funding round from investors including ECP Growth and Nordic Cold Chain Solutions. Minus Works offers products and services including Gel Packs and Thermal Packaging.
- Headquarter Islandia, United States
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Temperatsure, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.8 M (USD)
in 1 rounds
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Latest Funding Round
$1.8 M (USD), Seed
Apr 17, 2023
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Investors
ECP Growth
& 1 more
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Employee Count
Employee Count
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Acquired by
Nordic Cold Chain Solutions
(Oct 01, 2024)
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Products & Services of Minus Works
Minus Works offers a comprehensive portfolio of products and services, including Gel Packs and Thermal Packaging. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Gel packs are supplied for effective temperature maintenance during transportation of perishable items.
Thermal packaging is offered to ensure the integrity of goods in various cold chain environments.
Funding Insights of Minus Works
Minus Works has successfully raised a total of $1.8M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.8 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.8M
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First Round
First Round
(17 Apr 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Seed - Minus Works | Valuation | Emil Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Minus Works
Minus Works has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include ECP Growth and Nordic Cold Chain Solutions. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment and strategic support are provided for consumer brands by ECP Growth.
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Founded Year | Domain | Location | |
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Temperature-controlled packaging solutions are provided for cold chain needs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Minus Works
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Minus Works
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Minus Works Comparisons
Competitors of Minus Works
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Minus Works
When was Minus Works founded?
Minus Works was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Minus Works located?
Minus Works is headquartered in Islandia, United States. It is registered at Islandia, New York, United States.
Who is the current CEO of Minus Works?
Benjamin Shore is the current CEO of Minus Works.
Is Minus Works a funded company?
Minus Works is a funded company, having raised a total of $1.8M across 1 funding round to date. The company's 1st funding round was a Seed of $1.8M, raised on Apr 17, 2023.
What does Minus Works do?
Minus Works was established in 2020 in Islandia, United States. Gel packs are manufactured as part of core operations in the thermal packaging sector. Validation testing services for thermal packaging are also offered to ensure compliance and performance. The company serves clients requiring specialized manufacturing and testing solutions within the packaging industry, with activities centered in the U.S. geographic area.
What products or services does Minus Works offer?
Minus Works offers Gel Packs and Thermal Packaging.
Who are Minus Works's investors?
Minus Works has 2 investors. Key investors include ECP Growth, and Nordic Cold Chain Solutions.