What is Apeel Sciences?
Founded in 2012 and headquartered in Goleta, California, Apeel Sciences operates at the intersection of biotechnology and food logistics. The company provides a protective, plant-based layer for fresh produce, which significantly slows the rate of spoilage. By integrating this technology into the operations of USDA Organic Certified and conventional growers, suppliers, and retailers, Apeel effectively minimizes waste from the farm to the retail shelf and ultimately the consumer's kitchen table. This innovation addresses a multi-billion dollar inefficiency in the global food system, positioning the company as a cornerstone of sustainable agricultural infrastructure.
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 Jason Spievak and John Greathouse
Series A (2014): $5.8M led by Upfront Ventures, Tech Coast Angels, Jason Spievak, and Invoca
Series B (2016): $33M supported by PowerPlant Ventures, S2G Ventures, DBL Partners, Tao Capital Management, and Andreessen Horowitz
Series C (2018): $70M featuring Viking Global Investors, S2G Ventures, Andreessen Horowitz, and Upfront Ventures
Series D (2020): $250M backed by Katy Perry, Viking Global Investors, Upfront Ventures, Rock Creek Group, Oprah Winfrey, GIC, and Tao Capital Management
Other Financing Round (2020): $30M with participation from Astanor Ventures, Temasek, and International Finance Corp
Series E (2021): $250M led by GIC, Mirae Asset Global Investments, Disruptive, Viking Global Investors, and Temasek
Key Investors in Apeel Sciences
Viking Global Investors
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.
Temasek
A global investment company headquartered in Singapore that acts as a generational investor, seeking to make a difference with a long-term perspective.
Upfront Ventures
A Los Angeles-based venture capital firm that focuses on investing in technology businesses, including retail innovation and consumer internet sectors.
What's next for Apeel Sciences?
With the recent infusion of $250M, Apeel Sciences is well-positioned to accelerate its international expansion and deepen its technological integration within existing retail networks. The strategic focus will likely shift toward scaling production capacity to meet rising demand for sustainable food solutions and enhancing the efficacy of its protective coatings for a broader range of produce categories. As the company matures, its ability to leverage these financial resources to optimize supply chain transparency and reduce environmental impact will be pivotal in maintaining its competitive advantage in the food-tech sector.
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