Funding round
Apeel Sciences Series A
Apeel Sciences, which works in edible produce preservation coating manufacturing in Goleta, raised $5.8M in a Series A round announced on 1 Jul 2015, at a $18M post-money valuation. 1 firm took part. It is Apeel Sciences' second venture round on record; the one before was a Seed in Dec 2013.
$5.8M
Amount raised
$18M
Post-money valuation
$12M pre-money
1
Investors
no lead named
32%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Apeel Sciences at $18M after the new money. The $5.8M bought investors about 32% of the company. It came 19 months after Apeel Sciences' Seed. It is under 1% of the $640M Apeel Sciences has raised in the venture rounds on record. Apeel Sciences raised again 17 months later: a Series B round of $33M in Dec 2016. Its next priced round, a Growth in May 2020, valued it at $1.00B.
Apeel Sciences' funding rounds
Apeel Sciences has 7 venture rounds on record. This one is highlighted.
- Seed 31 Dec 2013 $1.3M
- Series A this round 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 27 Oct 2020 $30M
- Series E 18 Aug 2021, led by Temasek $250M$2.00B post-money
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- backs 88 venture-backed companies
Comparable rounds
How it compares
5 Series A rounds in Food Production within a year either side disclosed an amount; the median was $11M, and this round was 52% of the median. The closest in time, other companies' Series A rounds in Food Production:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Food Production | 5 Jul 2015 | undisclosed | not disclosed | not named |
| Food Production | 14 Apr 2015 | $16M | not disclosed | New Enterprise Associates |
| Food Production | 1 Oct 2015 | $9.2M | not disclosed | not named |
| Food Production | 18 Nov 2015 | $11M | not disclosed | Trinity Ventures |
| Food Production | 29 Feb 2016 | $11M | not disclosed | Global Founders Capital |
| Food Production | 25 Jul 2016 | $15M | not disclosed | not named |
Questions
Frequently asked
How much did Apeel Sciences raise in its Series A round?
Apeel Sciences raised $5.8M in its Series A round, announced in Jul 2015.
Which investors took part in Apeel Sciences' Series A round?
Upfront Ventures.
What was Apeel Sciences' valuation at the Series A round?
$18M post-money ($12M pre-money).
How does it compare with other Series A rounds in Food Production?
5 Series A rounds in Food Production within a year either side disclosed an amount; the median was $11M, and this round was 52% of the median.
Did Apeel Sciences raise again after this round?
Yes: a Series B round in Dec 2016 of $33M.