Fenwick represented Apeel, a food system innovation company, in its $250 million Series E financing.
Existing investor Temasek led the round and was joined by a group of new and existing investors, 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 Katy Perry.
Apeel will use the new investment in part to accelerate the company’s partnerships and plant-based products that aim to prevent food waste at every step of the fresh food supply chain. Apeel will also use its new funding to co-create new supply networks with produce suppliers and retailers that will increase the availability of longer-lasting produce, as well as to advance its data and insights offerings. More information can be obtained from the company's announcement.
The Fenwick transaction team was led by corporate partner Matthew Rossiter as well as corporate associates Ari Haber, Shweta Kumar and Jennifer Wu.