apeel sciences

Apeel Sciences, a company whose edible coating helps extend the shelf life of produce, announced Wednesday it raised $250 million in a Series E round that brings the company's valuation to $2 billion.

The latest round attracted a large group of new investors for the company, including Mirae Asset Global Investments, GIC, Viking Global Investors, Disruptive, Andreessen Horowitz, Tenere Capital, Sweetwater Private Equity, Tao Capital Partners, K3 Ventures, David Barber of Almanac Insights, Michael Ovitz of Creative Artists Agency, Anne Wojcicki of 23andMe, Susan Wojcicki of YouTube and singer Katy Perry.

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California is famous for its avocados, and avocados are a famously fickle fruit, ripe one moment and a ball of brown sludge the next.

Apeel Sciences is out to change that. The food science company has spent nearly a decade perfecting an edible coating that can be applied to fruits and vegetables to extend shelf-life by days, weeks or even months.

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