Apeel Sciences

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Food Waste?
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Waste Prevention Technologies
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Apeel Sciences is a California-based food technology company that produces edible coatings made of plant materials that extend the lifetime of fruits by 2x–3x to prevent food wastage in regions where refrigeration is scarce. The coatings are intended for use on fruits and vegetables, with a primary focus on avocados, apples, mangos, cucumbers, and citrus fruits. 

According to the company, US retailers that used Apeel experienced a 50% reduction in waste alongside a 5%–10% growth in sales on average. As of April 2024, Apeel Sciences reported to have saved over 60 million pieces of produce from going to waste at retail stores by partnering with small family-owned farmers, local organic growers, grocery stores, and large food brands. As of October 2024, the company was offering its solution to a network of 30 suppliers and 40 retailers across eight countries, including the US, UK, Spain, Netherlands, and Kenya. The company focuses on expanding its market presence across North America and the EU.

In May 2020, Apeel announced plans to expand to Sub-Saharan Africa, Central, and South America—all regions where food wastage was increasing. Following this, Apeel expanded to Sub-Saharan Africa in 2022 and began its expansion to South America in 2024.

In May 2021, Apeel Sciences acquired the startup Impact Vision for an undisclosed amount. Impact Vision’s technology allows suppliers to see inside their fresh produce and ultimately reduce post-harvest loss and optimize distribution while continuing to extend shelf life. 

Key customers and partnerships 

Apeel has partnered with various distributors for the distribution of its avocados, including The Kroger Company in September 2018 for Cincinnati, Calavo Growers in January 2021, and Nature’s Pride for Europe in March 2021. 

The company also collaborated with Topline Farms in February 2023 for the development of the Apeel-Protected Mini Cucumber and licensed its coating technology to Limoneira in May 2023 for use on lemons. 

HQ location:
71 South Los Carneros Road Goleta CA USA
Founded year:
2012
Employees:
101-250
IPO status:
Private
Total funding:
USD 719.1 mn
Last Funding:
-
Last valuation:
USD 2.0 bn (Aug 2021)
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