Food waste startup backed by Oprah Winfrey snags $250 million

While overall startup funding is down this quarter because of the economic disruption brought on by COVID-19, entrepreneurs focused on solving climate-related problems have been bucking the trend.

GreenBiz
May 26, 2020

This morn­ing brings one of the biggest deals yet this year: an infu­sion of $250 mil­lion in new financ­ing for food waste cru­sad­er Apeel Sci­ences. What’s more, the fund­ing push­es the San­ta Bar­bara, Cal­i­for­nia-based com­pa­ny’s val­u­a­tion to more than $1 bil­lion — a sta­tus dubbed in VC cir­cles as “uni­corn.”

Cumu­la­tive­ly speak­ing, Apeel has raised $360 mil­lion, includ­ing the new fund­ing.

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