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

May 27, 2020
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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.

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