Apeel Sciences

Apeel Sciences is a biotech company that develops plant-derived solutions to help organic and conventional fresh food providers increase produce quality and reduce food waste.

Apeel Sciences creates edible products from natural plant extracts that allow organic and conventional growers to reduce reliance on pesticides, increase produce quality, and provide superior shelf life.

Apeel was founded in 2012 by James Rogers. The company is headquartered in Goleta, California.

 

Apeel Sciences' edible coating product Apeel, can make avocados, citrus and other types of fruit last twice as long as usual by using a tasteless edible coating made from plant materials. The coating's formulation can be modified for strawberries, mangoes, apples, bananas, kumquats, citrus, and asparagus.

 

Apeel adds a layer of plant-derived protection to the surface of fresh produce to slow water loss and oxidation — the factors that cause spoilage. Apeel fruits and vegetables are fresh like they’re just off the vine, so you and your family have more time to enjoy them and less ends up in the trash.

 

Apeel is backed by Andreessen Horowitz, GIC, DBL Partners, Viking Global Investors, Upfront Ventures, S2G Ventures, Powerplant Ventures, The Bill & Melinda Gates Foundation, The Rockefeller Foundation and others. The company raised $250M in a Series D round on May 26, 2020. This brings Apeel's total funding to $360.1M to date. The round also puts the company's valuation at over $1B.

 

 

  • Year founded: 2012
  • Funding Info: $360.1M over 6 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: $50M-$100M (2019)
  • Employee Size: 201-500
  • Business Valuation: Valued at over $1B as of May 26, 2020
  • City/Town: Goleta
  • State: California
  • Country: United States
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