Food waste startup backed by Oprah Winfrey snags $250 million

While overall startup funding is down this quarter because of the economic disruption brought on by COVID-19, entrepreneurs focused on solving climate-related problems have been bucking the trend.

GreenBiz

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This morning brings one of the biggest deals yet this year: an infusion of $250 million in new financing for food waste crusader Apeel Sciences. What’s more, the funding pushes the Santa Barbara, California-based company’s valuation to more than $1 billion — a status dubbed in VC circles as “unicorn.”

Cumulatively speaking, Apeel has raised $360 million, including the new funding.

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