Funding round
Apeel Sciences Growth
Reported as "Growth Equity"
Apeel Sciences, which works in edible produce preservation coating manufacturing in Goleta, raised $30M in a Growth round announced on 27 Oct 2020. 3 firms took part. It is Apeel Sciences' sixth venture round on record; the one before was a Growth in May 2020.
$30M
Amount raised
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
Apeel Sciences did not disclose a valuation in this round; its last disclosed one was $1.00B at the Growth (May 2020). It came 5 months after Apeel Sciences' Growth. It is 4.7% of the $640M Apeel Sciences has raised in the venture rounds on record. Apeel Sciences raised again 10 months later: a Series E round of $250M in Aug 2021, at $2.00B post-money.
Apeel Sciences' funding rounds
Apeel Sciences has 7 venture rounds on record. This one is highlighted.
- Seed 31 Dec 2013 $1.3M
- Series A 1 Jul 2015 $5.8M$18M post-money
- Series B 14 Dec 2016, led by Andreessen Horowitz and DBL Partners $33M
- Growth 1 Aug 2018, led by Viking Global $70M
- Growth 26 May 2020, led by GIC $250M$1.00B post-money
- Growth this round 27 Oct 2020 $30M
- Series E 18 Aug 2021, led by Temasek $250M$2.00B post-money
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- International Finance Corporation backs 92 venture-backed companies new investor
- Temasek backs 195 venture-backed companies new investor
- backs 42 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
10 Growth rounds in Food Production within a year either side disclosed an amount; the median was $62M, and this round was 48% of the median. The closest in time, other companies' Growth rounds in Food Production:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| LIVEKINDLY Collective Food Production | 14 Oct 2020 | $135M | not disclosed | Blue Horizon |
| Food Production | 22 Sep 2020 | $70M | not disclosed | TPG and Swire Pacific Limited |
| Food Production | 13 Nov 2020 | $59M | not disclosed | DeA Capital Alternative Funds |
| Food Production | 12 Jan 2021 | $65M | not disclosed | General Atlantic |
| LIVEKINDLY Collective Food Production | 29 Mar 2021 | $335M | not disclosed | TPG |
| Food Production | 23 Mar 2021 | $200M | not disclosed | Qatar Investment Authority and Charlesbank Capital Partners |
| Food Production | 21 May 2020 | $56M | not disclosed | not named |
| Food Production | 23 Apr 2020 | $10M | not disclosed | Danone Manifesto Ventures |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Apeel Sciences raise in its Growth round?
Apeel Sciences raised $30M in its Growth round, announced in Oct 2020.
Which investors took part in Apeel Sciences' Growth round?
International Finance Corporation, Temasek and Astanor.
What was Apeel Sciences' valuation at the Growth round?
It was not disclosed; its last disclosed one was $1.00B at the Growth (May 2020).
How does it compare with other Growth rounds in Food Production?
10 Growth rounds in Food Production within a year either side disclosed an amount; the median was $62M, and this round was 48% of the median.
Did Apeel Sciences raise again after this round?
Yes: a Series E round in Aug 2021 of $250M at $2.00B post-money.