Apeel Sciences has announced on its website that is has secured a US$250m investment led by led by Singapore‘s sovereign wealth fund, Government of Singapore Investment Corporation (GIC), to continue in its mission in reducing food waste through its plant-based edible skin that preserves perishable fruits and vegetables.
$2B Valued Apeel Raises a Fresh $250M to Accelerate Innovation and Reduce Food Chain Waste
Food freshness innovation company Apeel Sciences has announced a Series E funding raise of $250 million. Backed by Oprah and Katy Perry amongst others, Apeel’s biotechnology adds an extra plant-derived peel to the outside of produce allowing it to double or even triple its shelf life. “We can ensure people everywhere have a great experience with their fresh produce while increasing the sustainability of the global food system” Focused on reducing waste in the fresh food supply by creating longer-lasting produce, primarily in US, UK, and European markets, Apeel is recognized as a CNBC Disruptor 50 and one of Fast Company’s Most Innovative Companies. The new funding brings the company’s total over $635 million, with a valuation over $2 billion dollars. Founded in 2012 with a …
