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Apeel Sciences is a pioneering company in the food technology sector, dedicated to extending the shelf life of fresh produce. By leveraging natural materials found in the peels, seeds, and pulp of fruits and vegetables, Apeel creates an invisible, plant-based protective layer that slows down spoilage caused by water loss and oxidation. This innovative solution helps keep produce fresh for twice as long, significantly reducing food waste from the farm to the consumer's kitchen.

Apeel operates in the global food supply chain market, serving a diverse range of clients including farmers, suppliers, and retail customers. The company collaborates with a worldwide network of suppliers to deliver longer-lasting organic and conventionally grown produce to retailers, ensuring that consumers receive fresher fruits and vegetables.

The business model of Apeel is centered around sustainability and efficiency. By providing a solution that extends the freshness of produce, Apeel helps reduce the economic and environmental costs associated with food waste. The company generates revenue through partnerships with growers and retailers who use Apeel's technology to enhance the value of their produce. Additionally, Apeel's platform, FruitStand, offers consumers access to a curated selection of produce from small-scale farmers, including those protected by Apeel's technology.

In summary, Apeel Sciences is transforming the way we handle fresh produce by using nature-inspired technology to reduce food waste and create a more sustainable food system. The company's innovative approach not only benefits the environment but also adds significant value to the entire supply chain, from farmers to consumers.

Keywords: food technology, shelf life extension, plant-based protection, sustainability, food waste reduction, global supply chain, fresh produce, retail partnerships, innovative solution, environmental impact.

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Investments by Apeel Sciences

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ACQUISITION by Apeel Sciences May 2021