Preservation technologies are a significant part of optimizing profit margins in the food supply chain while also contributing to meaningful reductions in food loss and waste. In the landscape of startups looking to capitalize on these needs, Apeel Sciences is one of the most prominent. The company, which has developed an edible coating for shelf life extension of fresh produce, made headlines in May 2020 when it raised a very notable $250 million funding round, bringing its total funding to $360 million. More recently, in August 2020, Apeel announced results from a pilot study with German retailer Edeka, demonstrating the functionality of its coating technology on avocados.
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