Apeel Sciences

Apeel Sciences

Extends shelf life of fresh produce

About

Apeel Sciences focuses on extending the shelf life of fresh produce to combat food waste. The company uses natural materials from the peels, seeds, and pulp of fruits and vegetables to create a plant-based protective layer that slows spoilage caused by water loss and oxidation. This layer helps keep produce fresh for twice as long, benefiting farmers, suppliers, and retailers by reducing waste throughout the food supply chain. Unlike competitors, Apeel's solution is based on sustainable practices and works with both organic and conventionally grown produce. The goal of Apeel Sciences is to create a more sustainable food system by minimizing food waste and enhancing the value of fresh produce for consumers.

Company Stage

Debt Financing

Employees

201-500

Industries

Food & Agriculture

Total Funding

$622.7M

Headquarters

Goleta, California

Founded

2012


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Simplify's Take

What believers are saying

  • Growing demand for sustainable products aligns with Apeel's mission to reduce food waste.
  • Shelf-life extension market is projected to grow at 7.5% CAGR from 2023 to 2028.
  • Retailers seek partnerships with innovative companies like Apeel to reduce food waste.

What critics are saying

  • Competition from Hazel Technologies could impact Apeel's market share.
  • Consumer preference for local produce may reduce demand for Apeel's technology.
  • Potential regulatory scrutiny on plant-based coatings could pose challenges.

What makes Apeel Sciences unique

  • Apeel Sciences uses plant-based technology to extend produce shelf life significantly.
  • Their invisible protective layer reduces spoilage by minimizing water loss and oxidation.
  • Apeel collaborates globally, ensuring fresher produce from farm to consumer.

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Growth & Insights
Headcount

6 month growth

↓ -9%

1 year growth

↓ -14%

2 year growth

↓ -33%

Benefits

Healthcare, vision, & dental

Open PTO policy

401k

Relocation assistance

Well-being perks

Remote work

Educational stipend

Learning & development

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