Food Tech Firm Apeel Picks Up $250 Million To Help Stop Vegetables From Rotting
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
Fruits and vegetables well past their expiration dates don't make for a particularly appetizing business opportunity.
But in a Series E funding round this week, Santa Barbara-based food-tech firm Apeel Sciences scored $250 million to put toward expanding the use of the firm's edible coating that can double the shelf-life of produce, helping prevent food waste.
Source Fool.com
