What is Apeel Sciences?
Founded in 2012 and headquartered in Goleta, California, Apeel Sciences operates at the intersection of biotechnology and supply chain sustainability. The company provides a protective, plant-based coating for fresh produce, which significantly slows the rate of water loss and oxidation. This innovation allows growers, suppliers, and retailers to maintain produce quality for longer durations, thereby reducing spoilage and enhancing the efficiency of the global food distribution network. By targeting the root causes of food waste, Apeel Sciences provides a scalable, USDA Organic Certified solution that benefits the entire value chain from the farm to the consumer.
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, Invoca, Upfront Ventures, and Jason Spievak
Series B (2016): $33M supported by S2G Ventures, Tao Capital Management, PowerPlant Ventures, Andreessen Horowitz, and DBL Partners
Series C (2018): $70M featuring Viking Global Investors, S2G Ventures, Upfront Ventures, and Andreessen Horowitz
Series D (2020): $250M backed by Viking Global Investors, Rock Creek Group, Katy Perry, Upfront Ventures, 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 Viking Global Investors, Mirae Asset Global Investments, GIC, Disruptive, 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.
Andreessen Horowitz
A prominent venture capital firm that invests in seed to late-stage technology companies, known for its deep expertise in software and platform-based innovation.
What's next for Apeel Sciences?
With a robust history of capital accumulation, Apeel Sciences is well-positioned to accelerate its international expansion and deepen its integration within global retail ecosystems. The strategic focus remains on scaling the adoption of its shelf-life extension technology to address the increasing demand for sustainable food systems. As the company matures, future growth will likely center on diversifying its product applications and strengthening partnerships with major global distributors to further minimize the environmental impact of the fresh food supply chain.
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