# Apeel Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/apeel-technology

- Industry: Food
- Headquarters: Goleta, US
- Website: www.apeelsciences.com
- Total disclosed funding: $605M
- Latest round: Series E (Jul 19, 2021)
- Investors on record: 16

## About

Based in California, US, and founded in 2012, Apeel Technology, Inc., trading under the name Apeel Sciences, develops plant-derived shelf life extension technology for fresh produce that improves quality and reduces food waste. The company was founded by Dr. James Rogers and works with 40 retailers and 30 suppliers in eight countries across North America and Europe. The company also announced its acquisition of ImpactVision in early 2021. In August 2021, Apeel Technology, Inc. raised USD 250 million in series E funding by investors Temasek Holdings, Andreessen Horowitz, GIC, Viking Global Investors, Disruptive Ventures, K3 Ventures, Mirae Asset Venture Investment, Sweetwater Capital Partners, Tao Capital Partners and Tenere Capital.

The Company develops a protective extra peel that seals moisture in and keeps oxygen out to minimize food waste. Its technology combines materials already found in the skins, peels, and seeds of all fruits and vegetables. Its peel application technology is integrated with its retailer partners’ existing facilities, and the company works with suppliers to respond to the needs and challenges expressed by the retailers. Apeel Technology, Inc. adds a layer of tasteless, odorless plant-based protection on the surface of fruits and vegetables.

The company plans to expand its supply networks and bring 10 new suppliers on board before the end of 2021.

## Funding rounds

- Series E, Jul 19, 2021, $250M — GIC, Viking Global Investors, Andreessen Horowitz, Temasek Holdings, Tao Capital Partners, Mirae Asset Venture Investment, Disruptive Ventures, Sweetwater Private Equity, Tenere Capital, K3 Ventures
- Series D, Apr 22, 2020, $245M — Temasek Holdings, GIC, Upfront, Rock Creek Capital, Viking Global Investors, Tao Capital Partners, K3 Ventures
- Series C, Jun 15, 2018, $71M — Upfront, Viking Global Investors, Andreessen Horowitz, S2G Ventures
- Series B, Oct 12, 2016, $33M — Upfront, DBL Partners, Andreessen Horowitz, S2G Ventures, Tao Capital Partners, GroundForce Capital
- Series A, Jun 23, 2015, $5.8M — Upfront, Tech Coast Angels
- Seed, Feb 3, 2014, $0.3M — Upfront
- Seed, Jan 8, 2014, $0M — Upfront
- Seed, Dec 31, 2013, $1M — Upfront

## Investors

- Upfront (https://capitalatlas.ai/funds/upfront) — Seed, Series A, Series B, Series C, Series D
- Tech Coast Angels — Series A
- DBL Partners (https://capitalatlas.ai/funds/dbl-partners) — Series B
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B, Series C, Series E
- S2G Ventures (https://capitalatlas.ai/funds/s2g-ventures) — Series B, Series C
- Tao Capital Partners (https://capitalatlas.ai/funds/tao-capital-partners) — Series B, Series D, Series E
- GroundForce Capital (https://capitalatlas.ai/funds/groundforce-capital) — Series B
- Viking Global Investors (https://capitalatlas.ai/funds/viking-global-investors) — Series C, Series D, Series E
- Temasek Holdings — Series D, Series E
- GIC — Series D, Series E
- Rock Creek Capital (https://capitalatlas.ai/funds/rock-creek-capital) — Series D
- K3 Ventures (https://capitalatlas.ai/funds/k3-ventures) — Series D, Series E
- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series E
- Disruptive Ventures (https://capitalatlas.ai/funds/disruptive-ventures) — Series E
- Sweetwater Private Equity (https://capitalatlas.ai/funds/sweetwater-private-equity) — Series E
- Tenere Capital — Series E