Apeel raises US$250m investment to accelerate innovation in fresh produce preservation

US – California-based fresh produce preservation company Apeel has raised US$250 million in Series E funding led by existing investor Temasek and participated in by other investors including Katy Perry, Andreessen Horowitz and Mirae Asset Global Investments.  According to a report by Food Dive, the latest funding round brings the company’s total funding to more than US$635 million and a valuation of over US$2 billion.   Apeel will use the funding to increase the availability of products using the company’s invisible, edible “skin” that extends shelf life, the company said in a…

Read More

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

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…

Read More

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

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…

Read More