Briefing

The Briefing: Apeel Lands $250M, Postman Snags $225M, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Apeel picks up $250M to extend produce shelf life

Apeel, a startup known for edible coatings that make produce less perishable, raised $250 million in a Series E funding round led by Singapore’s Temasek, and joined by a long list of celebrity investors, VCs and private firms.

The financing sets a valuation over $2 billion for the Santa Barbara, California, company, which pitches its technology as a tool for reducing food waste. Current varieties of produce using its technology include avocados, limes, mangoes, cucumbers and apples.

The latest round brings total fundraising to date to over $635 million.

Postman snags $225M for API development

San Francisco-based Postman, a collaboration platform for API developers, raised $225 million in a Series D funding round led by Insight Partners. The fundraise reportedly sets a valuation for the company of around $5.6 billion.

Funding round

MobileCoin closes on $66M: MobileCoin, a cryptocurrency digital wallet platform optimized for mobile devices, reportedly closed on $66 million for its Series B round, backed by a long list of investors. Previously, the San Francisco-based company had raised around $41 million in known funding, per Crunchbase data.

— Joanna Glasner

Illustration: Dom Guzman

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