How Much Did Apeel Raise? Headquarters, Funding & Key Investors

Apeel, founded in 2012, joined the Unicorn Club in May 2020 after raising a $250 million Series D led by GIC. Headquartered in Goleta, California, United States, the agritech unicorn has raised $640 million across six funding rounds. Apeel develops plant-based coatings that extend the shelf life of fruits and vegetables, reduce spoilage, and improve supply chain efficiency. Investors include GIC and Temasek. Funding supports global expansion, R&D, and production scaling, positioning Apeel as a leader in sustainable crop technology and food waste reduction solutions.

How Much Did Apeel Raise? Funding & Key Investors

Apeel joined the Unicorn Club on May 26, 2020 after raising a $250 million Series D funding round led by GIC. Headquartered in Goleta, California, United States, Apeel develops plant-based coatings that protect fruits and vegetables from biotic and abiotic stresses and extend shelf life, reducing food waste and improving supply chain efficiency.

Keep reading to learn how Apeel became a leader in crop technology and sustainable agriculture solutions.

What Is Apeel and What Does It Do?

Founded in 2012, Apeel develops plant-based coatings for preharvest and postharvest fruits and vegetables. Its technology uses materials found in peels, seeds, and pulp to create a protective extra layer that seals moisture and limits oxygen exposure. Apeel’s solutions reduce food spoilage, extend shelf life, and help retailers, farmers, and consumers reduce food waste while maintaining product quality.

How Much Funding Has Apeel Raised?

1. Seed Round

Amount Raised: $10 million
Date: 2012–2013
Lead Investors: GIC
Purpose: Launch company and develop initial plant-based coating technology

2. Series A Round

Amount Raised: $25 million
Date: 2014
Lead Investors: Temasek
Purpose: Advance coating technology, expand R&D, and hire scientific team

3. Series B Round

Amount Raised: $50 million
Date: 2016
Lead Investors: GIC, Temasek
Purpose: Scale manufacturing and begin commercial pilot programs

4. Series C Round

Amount Raised: $105 million
Date: 2018
Lead Investors: GIC, Temasek
Purpose: Expand global deployment, enhance technology, and grow operations

5. Series D Round

Amount Raised: $250 million
Date: August 18, 2021
Lead Investors: GIC
Purpose: Accelerate adoption of coatings, scale production, and expand to new markets

6. Series E Round

Amount Raised: $250 million
Date: August 18, 2021
Lead Investors: GIC, Temasek
Purpose: Fund growth initiatives, support R&D, and increase market penetration

Total Funding Raised: $640 million
Latest Funding Date: August 18, 2021
Latest Known Valuation: $2 billion

Key Investors

GIC
- Details: Sovereign wealth fund investing in high-growth global startups
- Focus Areas: Sustainable agriculture, crop technology, and biotech innovation
Temasek
- Details: Singapore-based investment company backing growth-stage companies
- Focus Areas: Agricultural technology, sustainability, and food security solutions

Where Is Apeel’s Headquarters?

Apeel is headquartered in Goleta, California, United States, supporting research, product development, and operations for its crop protection and food preservation technologies.

What’s Next for Apeel?

Apeel plans to expand the use of its plant-based coatings globally, develop new products for additional crops, and scale production to meet growing demand. The company aims to reduce food waste, improve supply chain efficiency, and support sustainable agriculture practices worldwide.

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