AFRICA'S NO.1 FOOD, BEVERAGE & MILLING INDUSTRY MAGAZINE

Invisible skin manufacturer Apeel raises US$30m to help farmers emerging markets reduce food waste

Oct 28, 2020Oct 28, 2020 Editor

US – Invisible skin manufacturer Apeel has raised US$30m in new funding from the International Finance Corporation (IFC), Temasek, and Astanor Ventures to help farmers in emerging markets reduce food waste. Apeel said that farmers in emerging markets suffer from some of the highest levels of food loss due to wastage as they lack of the necessary infrastructure to keep their products fresh for longer. The lack of refrigeration in the supply chain also limits most smallholder farmers in terms of market reach as they can only sell in their…

Apeel Sciences raises US$250m to further invest in the future of the food system

May 27, 2020May 27, 2020 Editor

USA – Apeel Sciences, a California-based company on mission to combat food waste and improve resilience in the fresh food supply chain, has raised US$250 million in new financing round led by GIC, bringing the company’s valuation to over US$1 billion. Apeel Sciences, which has also looped in Oprah Winfrey and Katy Perry as investors, was founded in 2012 with a US$100, 000 grant from the Bill & Melinda Gates Foundation to help reduce postharvest food loss, specially in developing countries that lack access to refrigeration. The company has developed…