Apeel bites into another $250M funding round, at a $2B valuation, to accelerate fresh food supply chains

Apeel Sci­ences, a food sys­tem inno­va­tion com­pa­ny, is out to pre­vent food pro­duced glob­al­ly from end­ing up in the land­fill, espe­cial­ly as pres­sures from the glob­al pan­dem­ic affect the food sup­ply chain.

The com­pa­ny just added $250 mil­lion in Series E fund­ing, giv­ing it a val­u­a­tion of $2 bil­lion, to speed up the avail­abil­i­ty of its longer-last­ing pro­duce in the U.S. (where approx­i­mate­ly 40% of food is wast­ed), the U.K. and Europe.

Exist­ing investor Temasek led the round and was joined by a group of new and exist­ing investors, includ­ing Mirae Asset Glob­al Invest­ments, GIC, Viking Glob­al Investors, Dis­rup­tive, Andreessen Horowitz, Tenere Cap­i­tal, Sweet­wa­ter Pri­vate Equi­ty, Tao Cap­i­tal Part­ners, K3 Ven­tures, David Bar­ber of Almanac Insights, Michael Ovitz of Cre­ative Artists Agency, Anne Woj­ci­c­ki of 23andMe, Susan Woj­ci­c­ki of YouTube and Katy Perry.

With the new fund­ing, Apeel has now raised over $635 mil­lion since the com­pa­ny was found­ed in 2012. Pri­or to this round, the com­pa­ny brought in $250 mil­lion in Series D fund­ing in May 2020.

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