What is Apeel Sciences?
Founded in 2012 and headquartered in Goleta, California, Apeel Sciences is at the forefront of combating the global food waste crisis. The company leverages plant-derived technology to enhance the quality and extend the shelf life of fresh produce. This innovative approach benefits USDA Organic Certified and conventional fresh food growers, suppliers, and retailers, ultimately reducing food waste from farm to table. Apeel Sciences' technology is designed to maintain produce freshness, thereby minimizing spoilage and its associated environmental and economic impacts. The company's mission is to create a more sustainable food system by reducing the need for refrigeration and preventing produce from ending up in landfills.
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 Tech Coast Angels, Jason Spievak, Upfront Ventures, and Invoca
Series B (2016): $33M supported by PowerPlant Ventures, Andreessen Horowitz, DBL Partners, S2G Ventures, and Tao Capital Management
Series C (2018): $70M featuring Viking Global Investors, Andreessen Horowitz, S2G Ventures, and Upfront Ventures
Series D (2020): $250M backed by Rock Creek Group, Katy Perry, Tao Capital Management, Viking Global Investors, Upfront Ventures, Oprah Winfrey, and GIC
Other Financing Round (2020): $30M with participation from International Finance Corp, Astanor Ventures, and Temasek
Series E (2021): $250M led by Temasek, Disruptive, Viking Global Investors, Mirae Asset Global Investments, and GIC
Key Investors in Apeel Sciences
Temasek
Temasek is a global investment company headquartered in Singapore, focused on generational investments with a long-term perspective. They invest across various asset classes to make a positive impact.
Viking Global Investors
Viking Global Investors is a research-intensive investment firm based in Greenwich, Connecticut, specializing in long-term public and private equity investments across diverse industries and geographies.
Andreessen Horowitz
Andreessen Horowitz is a prominent venture capital firm known for investing in technology companies. They provide both funding and strategic guidance to their portfolio companies.
What's next for Apeel Sciences?
With its latest major strategic investment, Apeel Sciences is poised for accelerated growth and expanded market penetration. The company's enterprise-level funding indicates a transition into a scaling phase, likely focusing on further technological development, global expansion of its services, and strengthening partnerships across the food supply chain. This capital infusion will enable Apeel Sciences to enhance its impact on reducing food waste worldwide, solidifying its position as a leader in sustainable food technology.
See full Apeel Sciences company page
