NEWS COMMENTARY

Apeel Sciences raises a whopping $250 million in funding for its edible food coatings

Published:
May 27, 2020
Coverage:
Accelerating Materials Innovation More...
Activities:
Investment More...
Very important

This funding round was led by Singapore-based GIC Investment Fund and brings Apeel's total funding raised to date to $360 million. The company will use this investment to scale up the production of Apeel coatings for different types of fresh produce as it looks to expand to other geographies outside Europe and the U.S. As of 2020, Apeel's glycerolipid-based edible coating has gained significant commercial traction, with retailers like Kroger rolling out Apeel avocados in about 1,100 stores in the U.S. Technologies to protect and preserve products in the food chain will be at the forefront in the post-COVID-19 era. Clients, now is the time to invest in preservation tech. If you don't know where to begin, please read our report on the topic.

For the original news article, click here .


Further Reading

Smart oven company Tovala raises $20 million Series B

News Commentary | June 04, 2020

This brings its total funding to $39 million. Finistere Ventures led, with participation from many other new and previous investors. Tyson Ventures, which had invested in Tovala in February 2018, was not mentioned in the press release and likely did not participate. Key highlights shared in the ... Not part of subscription

Apeel raises another $30 million in funding for its edible coatings

News Commentary | November 06, 2020

This funding round, with investors like Temasek, International Finance Corporation (IFC), and Astanor Ventures, adds on to its previous $250 million funding to expand its edible coatings to smallholder farms in emerging markets including Africa, South America, and Asia. While Apeel's technology has ... Not part of subscription

Nature's Way acquires personalized nutrition startup Baze

News Commentary | February 03, 2021

Terms of the acquisition, which already closed in December 2020, were not disclosed. This comes about a year and a half after Nature's Way led Baze's $6 million Series A round in August 2019. Given that Nature's Way is a supplement manufacturer and Baze focuses on personalized supplements, there is ... Not part of subscription