Apeel Sciences has raised a total of $717.8 million across multiple funding rounds, including a $250 million Series E round in August 2021, achieving a valuation of $2 billion. The Goleta-based company develops plant-derived technology to extend the shelf life of fresh produce, reducing food waste and preserving quality. With a workforce of 101–250 employees, Apeel Sciences helps retailers and consumers maintain the freshness of fruits and vegetables through innovative, sustainable solutions.
Keep reading to explore Apeel Sciences’ funding journey, key investors, and what’s next for this innovative agri-tech company.
What Is Apeel Sciences and What Does It Do?
Founded in 2012 by James Rogers, Apeel Sciences is headquartered in Goleta, California, United States. The company specializes in plant-derived shelf life extension technology, designed to protect produce from environmental stress, maintain moisture, and reduce oxidation.
Apeel Sciences focuses on sustainability, affordability, and quality, providing solutions that reduce food waste while maintaining freshness and safety for consumers worldwide.
How Much Funding Has Apeel Sciences Raised?
- Series A
- Amount Raised: $5.8M
- Date: June 2014
- Motivation: To develop and commercialize plant-derived shelf life extension technology.
- Series B
- Amount Raised: $33M
- Date: December 2016
- Motivation: To expand product offerings and scale operations.
- Series C
- Amount Raised: $70M
- Date: July 2018
- Lead Investors: Viking Global Investors
- Motivation: To enhance R&D and increase market reach.
- Series D
- Amount Raised: $250M
- Date: May 2020
- Lead Investors: GIC
- Motivation: To further develop technology and expand into new markets.
- Venture Round
- Amount Raised: $30M
- Date: October 2020
- Motivation: To support ongoing operations and product development.
- Series E
- Amount Raised: $250M
- Date: August 2021
- Lead Investors: Temasek Holdings
- Valuation at Round: $2B
- Motivation: To expand produce availability and enhance data and insights offerings.
- Debt Financing
- Amount Raised: $75M
- Date: January 2022
- Motivation: To support financial stability and operational growth.
- Debt Financing (Additional)
- Amount Raised: $4M
- Date: June 2022
- Motivation: To maintain liquidity and support ongoing projects.
Total Funding Raised: $717.8M
Latest Funding Date: August 2021
Current Valuation: $2B
Key Investors
- Temasek Holdings
- Details: Global investment company headquartered in Singapore; led Series E funding.
- Investment Focus Areas: Financial services, technology, transportation
- Notable Investments: Alibaba, Airbnb, Gojek
- GIC
- Details: Sovereign wealth fund of Singapore; participated in Series D/E funding.
- Investment Focus Areas: Long-term investments across diverse asset classes
- Notable Investments: UBS, Citigroup, Blackstone
- Viking Global Investors
- Details: Global investment firm managing institutional capital; led Series C.
- Investment Focus Areas: Public and private equity markets
- Notable Investments: Facebook, Amazon, Microsoft
- Andreessen Horowitz
- Details: Silicon Valley-based VC; participated in Series E.
- Investment Focus Areas: Technology companies at various stages
- Notable Investments: Facebook, Twitter, Airbnb
- Mirae Asset Global Investments
- Details: Global asset management company; participated in Series E.
- Investment Focus Areas: ESG-focused investments
- Notable Investments: Naver, Kakao, Coupang
Where Is Apeel Sciences’ Headquarters?
Apeel Sciences is headquartered in Goleta, California, United States, providing access to technology talent, R&D resources, and partnerships in sustainable agriculture and produce preservation.
What’s Next for Apeel Sciences?
With a $2 billion valuation and $250 million in recent funding, Apeel Sciences is expanding produce-preserving technology across the U.S., U.K., and Europe. Growth strategies include creating new supply networks, strengthening retailer partnerships, and enhancing data and insights offerings.
Future fundraising is likely, but challenges include scaling operations, maintaining technology quality, and integrating acquisitions. Navigating these factors will be key to sustaining growth and reducing global food waste.
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