What is Apeel Sciences?
Founded in 2012 and headquartered in Goleta, California, Apeel Sciences is at the forefront of the fight against food waste. The company utilizes proprietary plant-derived technology to create a protective coating for fresh produce, significantly extending its shelf life. This innovation benefits USDA Organic Certified and conventional fresh food growers, suppliers, and retailers by improving produce quality and reducing spoilage from farm to table. Apeel's technology addresses a critical global challenge, positioning the company as a key player in the sustainable food technology sector.
How much funding has Apeel Sciences raised?
Apeel Sciences has raised a total of $640M across 7 funding rounds:
Angel/Seed
$1.3M
Series A
$5.8M
Series B
$33M
Series C
$70M
Series D
$250M
Other Financing Round
$30M
Series E
$250M
Angel/Seed (2013): $1.3M with participation from John Greathouse and Jason Spievak
Series A (2014): $5.8M led by Upfront Ventures, Jason Spievak, Invoca, and Tech Coast Angels
Series B (2016): $33M supported by S2G Ventures, PowerPlant Ventures, Tao Capital Management, Andreessen Horowitz, and DBL Partners
Series C (2018): $70M featuring Upfront Ventures, Viking Global Investors, Andreessen Horowitz, and S2G Ventures
Series D (2020): $250M backed by Viking Global Investors, GIC, Upfront Ventures, Tao Capital Management, Oprah Winfrey, Katy Perry, and Rock Creek Group
Other Financing Round (2020): $30M with participation from Astanor Ventures, Temasek, and International Finance Corp
Series E (2021): $250M led by Viking Global Investors, Mirae Asset Global Investments, GIC, Disruptive, and Temasek
Key Investors in Apeel Sciences
S2G Ventures
S2G Ventures is a multi-stage food and agriculture venture fund investing in entrepreneurs whose products and services meet the shifting demands for healthy and sustainable food. S2G looks for companies that can take leadership positions in emerging and fast growing markets in the food and agriculture sector.
Viking Global Investors
Viking Global Investors is a global investment firm specializing in research-intensive, long-term focused investments using fundamental analysis to select public and private equity interests across industries and geographies. Viking is headquartered in Greenwich, Connecticut, with offices in New York, Hong Kong, London, and San Francisco.
Andreessen Horowitz
Andreessen Horowitz is a venture capital firm known for its investments in technology companies. They provide both funding and strategic guidance to their portfolio companies, focusing on disruptive technologies and scalable business models.
What's next for Apeel Sciences?
With substantial enterprise-level backing, Apeel Sciences is poised for accelerated growth and market expansion. The company's ongoing development and deployment of its unique food preservation technology suggest a strategic focus on scaling operations to meet increasing global demand for sustainable food solutions. Future initiatives are likely to involve further research into plant-based applications, strengthening partnerships across the food industry, and potentially exploring new market segments where reducing food waste is a paramount concern. This significant capital infusion signals a strong investor confidence in Apeel's mission and its potential to revolutionize food systems.
See full Apeel Sciences company page
