Funding round
Apeel Sciences Series B
Apeel Sciences, which works in edible produce preservation coating manufacturing in Goleta, raised $33M in a Series B round announced on 14 Dec 2016, led by Andreessen Horowitz and DBL Partners. 5 firms took part. It is Apeel Sciences' third venture round on record; the one before was a Series A in Jul 2015.
$33M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
Apeel Sciences did not disclose a valuation in this round; its last disclosed one was $18M at the Series A (Jul 2015). It came 17 months after Apeel Sciences' Series A. It is 5.2% of the $640M Apeel Sciences has raised in the venture rounds on record. Apeel Sciences raised again 20 months later: a Growth round of $70M in Aug 2018. 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 1 Jul 2015 $5.8M$18M post-money
- Series B this round 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
Andreessen Horowitz and DBL Partners led the round with 3 other firms.
Lead investors
- Andreessen Horowitz backs 722 venture-backed companies new investor
- backs 24 venture-backed companies new investor
Also in the round
- backs 85 venture-backed companies new investor
- Tao Capital Partners new investor
- backs 14 venture-backed companies new investor
Comparable rounds
How it compares
8 Series B rounds in Food Production within a year either side disclosed an amount; the median was $20M, and this round was 1.6 times the median. The closest in time, other companies' Series B rounds in Food Production:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Food Production | 13 Mar 2017 | $25M | not disclosed | not named |
| Food Production | 4 May 2017 | $50M | not disclosed | GV |
| Food Production | 13 Jul 2017 | $8.6M | not disclosed | K11 Investments and Alibaba Entrepreneurs Fund |
| Food Production | 14 Sep 2017 | $35M | not disclosed | S2G Investments and Bunge Ventures Ltd. |
| Food Production | 6 Oct 2017 | $15M | not disclosed | Khosla Ventures |
| Food Production | 23 Feb 2016 | $4.5M | not disclosed | Sequoia Capital |
| Food Production | 13 Jan 2016 | $3.7M | $11M | Lok Capital |
| Food Production | 19 Dec 2017 | $43M | not disclosed | Lightspeed Venture Partners |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Apeel Sciences raise in its Series B round?
Apeel Sciences raised $33M in its Series B round, announced in Dec 2016.
Who led Apeel Sciences' Series B round?
Andreessen Horowitz and DBL Partners led it, with S2G Investments, Tao Capital Partners and GroundForce Capital.
What was Apeel Sciences' valuation at the Series B round?
It was not disclosed; its last disclosed one was $18M at the Series A (Jul 2015).
How does it compare with other Series B rounds in Food Production?
8 Series B rounds in Food Production within a year either side disclosed an amount; the median was $20M, and this round was 1.6 times the median.
Did Apeel Sciences raise again after this round?
Yes: a Growth round in Aug 2018 of $70M.