Total amount raised
$2 Billions
Latest funding date
8/1/2021
Location
Apeel Sciences has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company focuses on developing plant-derived shelf life extension technology for fresh produce.
Keep reading to explore the intricacies of Apeel Sciences' fundraising journey and the investors backing this innovative company.
What Is Apeel Sciences?
Apeel Sciences, founded in 2012 by James Rogers, is headquartered in Goleta, California. The company specializes in developing plant-derived technology to extend the shelf life of fresh produce, thereby reducing food waste.
With a team of 101-250 employees, Apeel Sciences focuses on maintaining the quality and longevity of fruits and vegetables. Their innovative products help protect produce from environmental stress by preserving moisture and reducing oxidation.
Committed to providing high-quality, affordable fresh produce, Apeel Sciences continues to prioritize the safety and purity of its offerings, ensuring consumers receive the best possible products.
How Much Funding Has Apeel Sciences Raised?
- Series A
- Amount Raised: $5.8M
- Date: June 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and commercialize their plant-derived shelf life extension technology.
- Series B
- Amount Raised: $33M
- Date: December 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product offerings and scale operations.
- Series C
- Amount Raised: $70M
- Date: July 2018
- Lead Investors: Viking Global Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance research and development and increase market reach.
- Series D
- Amount Raised: $250M
- Date: May 2020
- Lead Investors: GIC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their technology and expand into new markets.
- Venture Round
- Amount Raised: $30M
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and product development.
- Series E
- Amount Raised: $250M
- Date: August 2021
- Lead Investors: Temasek Holdings
- Valuation at Round: $2B
- Motivation Behind the Round: To expand the availability of their produce and enhance data and insights offerings.
- Debt Financing
- Amount Raised: $75M
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support financial stability and operational growth.
- Debt Financing
- Amount Raised: $4M
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To maintain liquidity and support ongoing projects.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: June 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue innovation and expand market presence.
Total Amount Raised: $717.8M. Current Valuation: $2B.
Key Investors
- Temasek Holdings
- Details: Temasek Holdings is a global investment company headquartered in Singapore. It led the Series E funding round for Apeel Sciences.
- Investment Focus Areas: Financial services, telecommunications, media, technology, transportation.
- Notable Investments: Alibaba, Airbnb, Gojek.
- GIC
- Details: GIC is a sovereign wealth fund established by the Government of Singapore. It participated in the Series E funding round for Apeel Sciences.
- Investment Focus Areas: Long-term investments across a wide range of asset classes.
- Notable Investments: UBS, Citigroup, Blackstone.
- Viking Global Investors
- Details: Viking Global Investors is a global investment firm managing capital for institutions and individuals. It led the Series C funding round for Apeel Sciences.
- Investment Focus Areas: Public and private equity markets.
- Notable Investments: Facebook, Amazon, Microsoft.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a private venture capital firm based in Silicon Valley. It participated in the Series E funding round for Apeel Sciences.
- Investment Focus Areas: Technology companies at various stages.
- Notable Investments: Facebook, Twitter, Airbnb.
- Mirae Asset Global Investments
- Details: Mirae Asset Global Investments is a global asset management company based in South Korea. It participated in the Series E funding round for Apeel Sciences.
- Investment Focus Areas: Environmental, social, and governance-related companies.
- Notable Investments: Naver, Kakao, Coupang.
What's Next for Apeel Sciences?
With a $2 billion valuation and $250 million in recent funding, Apeel Sciences is poised to expand its innovative produce-preserving technology across the U.S., U.K., and Europe. The company aims to create new supply networks, enhance retailer partnerships, and boost data and insights offerings. This expansion aligns with the growing demand for sustainable, fresh products and the industry's push to reduce food waste.
Future fundraising opportunities appear promising, with continued interest from high-profile investors. However, challenges such as scaling operations, integrating new acquisitions, and maintaining the quality of its technology could pose hurdles. Navigating these complexities will be crucial for Apeel's sustained growth and success.
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