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Apeel Sciences

December 18, 2019

Sufresca Gets a $500,000 Investment For Its Edible Food Coating Solution That Fights Food Waste

Israeli startup Sufresca, who makes an edible coating that extends the life of fruits and vegetables, has raised a $500,000 seed round from agtech VC Rimonim, according to AgFunder News. The round brings Sufresca’s total funding so far to $1.3 million. 

Sufresca’s edible fruit and vegetable coating is meant to extend the shelf life of post-harvest produce and in doing so cut down on food waste in the home. An edible coating also eliminates the need to use plastic packaging, such a shrink-wrap, for produce items in the store. Sufresca’s technology uses liquid formulas that when applied to fruits and vegetables creates a “breathable coating” that the company claims can extend shelf life by several weeks. The approach is similar to post-harvest food waste solutions currently being done by Apeel Sciences, whose plant-based powder can be mixed with water then applied to produce to prevent spoilage.

While Apeel is currently focused on avocados, Sufresca is starting out with fruits and vegetables for which no edible coating solution exists right now. Think tomatoes, garlic, and pomegranate arils, as opposed to apples or oranges, which typically get coated in wax. The company says future products will include cucumbers, melons, bananas, and asparagus, among others. 

Coating fruits and vegetables is one way to fight food waste and reduce spoilage. There are a growing number of other solutions coming to market. Hazel Technologies makes biodegradable packaging inserts that extend the shelf life of fruits and vegetables. StixFresh, who won the Startup Showcase award at this year’s SKS, has created a sticker that when applied to produce releases protective compounds that cloak the fruit or vegetable to extend its shelf life. 

Roughly one third of the world’s food goes to waste each year, and 14 percent of that food is lost between harvest and retail, according to the United Nations. Startups up and down the supply chain are now testing ways to combat this problem. We can expect to see many more food preservation tactics like those of Sufresca and Apeel as the food waste problem gets bigger and we (hopefully) get smarter about fighting it. 

According to AgFunder, Sufresca, which was founded in 2018, is aiming to have at least some of its products reach Europe and North America within two years.  

February 4, 2019

Apeel Brings Its Longer-Lasting Avocados to Europe

Holy (long-lasting) guacamole! Today Apeel Sciences announced that it’s partnering with Belgium-based produce importer Nature’s Pride to bring their long-lasting avocados to the European market.

If you don’t know, Apeel Sciences is a California-based startup that makes an edible post-harvest coating for fruits and vegetables (called Edipeel) which can significantly increase produce shelf life. Edipeel-coated avocados — Apeel’s first product — are currently available in select grocery stores in the Midwest, including a string of Costco’s.

Nature’s Pride’s new Edipeel-coasted avocados will have a co-branded label to increase consumer awareness around Apeel’s mission. The companies expect that the long-lasting avocados will be available mid-2019 in select retail stores in Europe, as long as they gain EU regulatory approval. There’s no word as to where in Europe Apeel/Nature’s Pride will first roll out the avocados.

The timing is ripe (sorry, I had to). Roughly 88 million tons of food is wasted in the EU every year. In 2012, the U.N. Food and Agriculture Organization (FAO) estimated that roughly 50 percent of fruits and vegetables in the EU go to waste, and over half of that waste occurs after food is brought home from the store.

Apeel’s edible coating won’t help Europeans (or anyone) be better about eating all of their produce, but it will give them a longer window before said produce goes bad. According to their website, Apeel’s technology has led to a more than 50 percent decrease in food waste at the retail level. If those statistics hold true in Europe, it could take a huge dent out of those 88 million tons of food waste.

In August of last year Apeel raised $70 million, bringing the total funding for the Bill & Melinda Gates Foundation-backed startup to just north of $110 million. Next up, Apeel plans to tackle citrus and asparagus.

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