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Apeel Sciences

Apeel Sciences

Apeel Sciences is a company that develops treatments to prevent spoilage of fruits and vegetables using molecules naturally found in peels, which maintain moisture and keep out oxygen.

OverviewStructured DataIssuesContributors

Contents

apeel.com
apeelsciences.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Sustainability
Sustainability
Agriculture
Agriculture
Food technology
Food technology
Materials science
Materials science
Waste management
Waste management
Agricultural biotechnology
Agricultural biotechnology
...
Location
Goleta, California
Goleta, California
0
United States
United States
De Lier
De Lier
0
Santa Barbara, California
Santa Barbara, California
B2X
B2B
B2B
CEO
James Rogers
James Rogers
0
Founder
James Rogers
James Rogers
0
Pitchbook URL
pitchbook.com/profiles.../61351-12
Legal Name
Apeel Technology, Inc.
Legal classification
Incorporation (business)
Incorporation (business)
Date Incorporated
2012
Number of Employees (Ranges)
201 – 500
Email Address
info@apeelsciences.com
Phone Number
+187792651840
+311747058110
Full Address
422 LINDA RD SANTA BARBARA, CA 93109
71 South Los Carneros Goleta, CA 93117 United States
Leehove 40 2678 MC De Lier, Netherlands0
71 SOUTH LOS CARNEROS ROAD GOLETA CA 931170
CIK Number
1,595,566
Place of Incorporation
Delaware
Delaware
Investors
‌
John Greathouse
‌
Jason Spievak
Invoca
Invoca
Engel Ventures
Engel Ventures
Rhapsody Venture Partners
Rhapsody Venture Partners
Andreessen Horowitz (a16z)
Andreessen Horowitz (a16z)
Rock Creek Capital
Rock Creek Capital
Tao Capital Partners
Tao Capital Partners
...
IRS Number
455,551,038
Founded Date
2012
Total Funding Amount (USD)
1,850,400,000
Latest Funding Round Date
August 19, 2021
Competitors
Rigel Pharmaceuticals
Rigel Pharmaceuticals
‌
Marrone Bio
Scottish Salmon Producers Organisation
Scottish Salmon Producers Organisation
Benson Hill Biosystems
Benson Hill Biosystems
Anuvia Plant Nutrients
Anuvia Plant Nutrients
MycoTechnology
MycoTechnology
Agrimetis Llc
Agrimetis Llc
‌
Geron Corporation
...
Business Model
Commerce
Glassdoor ID
1366431
Former CEO
James Rogers
James Rogers
0
Latest Funding Type
Series E
Series E
Latest Postmoney Valuation
750,000,000
Motto/Tagline
Food Gone Good
Country
Netherlands
Netherlands
0
United States
United States
0

Other attributes

Company Operating Status
Active
Postmoney Valuation
2,000,000,000
Latest Funding Round Amount (USD)
250,000,000
Wikidata ID
Q30271613
Overview

Apeel Sciences was founded in 2012, with a grant from the Bill & Melinda Gates Foundation, by James Roger, who is CEO of the company and has a PhD in Materials. With a mission of decreasing food spoilage, the company created a barrier made out of edible plant materials that slow down the rate of spoilage. The barrier helps moisture stay inside and oxygen stay outside. Apeel coatings form a film of lipid molecules, which are found in cutin, the natural waxy coating that is on fruits and vegetables. This barrier can be sprayed on or produce can be dipped into the treatment. The company also works with partners from smallholder farmers and local organic growers and large food brands to produce better quality and more sustainable produce.

Edible barrier technology and products

Apeel developed a protective barrier for produce comprised of fatty acids, which are also found in cutin, the waxy barrier naturally found on the outside of plants. These fatty acids are lipid molecules that dissolve in water, and after application the water evaporates and the lipid molecules join together and form a film. The protective coating slows food spoilage by preventing dehydration and blocking oxygen from getting inside. The oxygen barrier slows the rate of metabolism, so the nutrients in the fruit are depleted more slowly.

Apeel has developed products for USDA Organic Certified and conventional produce categories. The product, Edipeel, is supplied as a powder that can be mixed with water and sprayed onto produce or in which to dip produce. The Apeel barrier coating has been reported to double the ripeness window of avocados, which have been available at Costco. Apeel's coatings have also been used by citrus and asparagus suppliers. Sage Fruit Company partnered with Apeel to treat its organic apples. Apeel partnerships with food suppliers and grocery stores also includes Kroger in the US, Oppy in Canada, and the Danish produce wholesaler Nature’s Pride. Nature's Pride is a supplier of Apeel mangoes.

Apeel has patents for hyperspectral image processing of food products. Apeel has a patent on biomarker analysis in plant extracts to predict infection in plant products. Other Apeel patents are related to the preparation of plant extract compositions for forming protective coatings and also for sanitizing and preserving produce.

Imaging technology

In 2021, Apeel acquired ImpactVision, an imaging technology company. Apeel has plans to use ImpactVison’s imaging and machine learning technologies to allow food suppliers to collect quantifiable data about produce such as ripeness, freshness, and nutritional density. ImpactVision’s technology uses hyperspectral imaging, in which the wavelengths of light are outside of those visible to the human eye. Hyperspectral imaging can show differences in the absorption and reflection of light at distinctive wavelengths that correlate the molecular composition of foods and food characteristics, such as ripeness, nutritional levels, and bacterial contamination. The technology can provide information about the pH and tenderness of beef and the sugar content and ripeness of avocados.

Apeel’s packing houses and distribution centers are expected to integrate the imaging technology, which will collect images of produce along conveyance lines and machine learning models will identify unique visual cues that correlate to freshness, degree of maturity, and phytonutrient content. This information is expected to help consumers and suppliers maximize the quality of produce and reduce waste.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

Inside the Science of Apeel, the Clever Coating That Saves Your Avocados

Matt Simon

https://www.wired.com/story/apeel/

Web

June 21, 2018

References

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