, Singapore

GIC leads US-based Apeel Sciences $353.53m financing

This will enable the company to continue tackling the global food waste problem.

GIC led the most current capital raise in California-based Apeel Sciences' new $353.53m (US$250m) financing, according to a press release. This brings the Apeel’s valuation to over $1.41b (US$1b).

Additional participating investors in the company’s recent capital raise include Viking Global Investors, Upfront Ventures, Tao Capital Partners, and Rock Creek Group. Celebrities Oprah Winfrey and Katy Perry have also joined as minority, non-participatory investors.

The new financing will enable the company to continue tackling the food waste problem on the global level.

Apeel’s technology claims to extend value and increases operational flexibility for suppliers and retailers by using its plant-derived solution to add a little extra “peel” to the surface of fruits and vegetables, doubling to tripling the shelf life of many produce types without the need for refrigeration.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!