What is Apeel Sciences?
Founded in 2012 and headquartered in Goleta, California, Apeel Sciences operates at the intersection of biotechnology and supply chain management. The company provides a proprietary, plant-derived coating that extends the shelf life of fresh produce, effectively reducing spoilage for growers, suppliers, and retailers. By integrating this technology into the existing food distribution infrastructure, Apeel Sciences addresses the systemic inefficiencies that lead to massive food waste from the farm to the consumer's kitchen table. Their market position is bolstered by a robust portfolio of USDA Organic Certified solutions, making them a preferred partner for large-scale retail operations seeking to improve sustainability metrics and operational margins.
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 Jason Spievak, Tech Coast Angels, Upfront Ventures, and Invoca
Series B (2016): $33M supported by PowerPlant Ventures, Tao Capital Management, Andreessen Horowitz, DBL Partners, and S2G Ventures
Series C (2018): $70M featuring Andreessen Horowitz, Upfront Ventures, S2G Ventures, and Viking Global Investors
Series D (2020): $250M backed by Rock Creek Group, Upfront Ventures, Tao Capital Management, Katy Perry, Viking Global Investors, Oprah Winfrey, and GIC
Other Financing Round (2020): $30M with participation from Astanor Ventures, International Finance Corp, and Temasek
Series E (2021): $250M led by Disruptive, Viking Global Investors, Mirae Asset Global Investments, GIC, and Temasek
Key Investors in Apeel Sciences
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.
Temasek
Founded in 1974, Temasek is a global investment company headquartered in Singapore. We are a generational investor, seeking to make a difference always with tomorrow in mind.
Upfront Ventures
Upfront Ventures is a venture capital firm located in Los Angeles that focuses on investing in technology businesses, including digital media, SaaS, and retail innovation.
What's next for Apeel Sciences?
With the infusion of capital from its latest financing round, Apeel Sciences is well-positioned to accelerate its global expansion and deepen its technological moat. The company is expected to focus on scaling its manufacturing capabilities to meet the rising demand for sustainable food preservation solutions across international markets. Furthermore, the strategic backing from major global investment firms suggests a long-term roadmap centered on diversifying its product applications and enhancing its data-driven insights into the fresh food supply chain. As the firm transitions into a more mature growth phase, the focus will likely shift toward deepening partnerships with major global retailers to standardize the use of its protective technology, thereby cementing its status as an essential component of the modern, sustainable food ecosystem.
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