Apeel Sciences
Apeel Sciences is a company based in Goleta, California whose edible coating product Apeel can make avocados, citrus and other types of fruit last twice as long as usual by using a tasteless edible coating made from plant materials. The coating's formulation can be modified for strawberries, mangoes, apples, bananas, kumquats, citrus, and asparagus. It is based on the food additive E471.Founding
Apeel was founded in 2012 by James Rogers, after receiving a $100,000 grant from the Bill and Melinda Gates Foundation to help reduce post-harvest food waste in developing countries that lacked refrigeration infrastructure.
After the initial grant, backing has been provided by Microsoft cofounder Bill Gates and venture capitalist firm Andreessen Horowitz. Apeel has raised $110 million dollars in financing to date.
