Voyage Foods Raises $36 Million In Funding to Future-Proof Classic Foods

Voyage Meals believes that there are meals with an unsure future, with meals allergy symptoms, local weather change, humanitarian points, and extra standing out as issues. That’s the reason the corporate has the purpose of future-proofing the affected classics, akin to peanut-free unfold that permits anybody to get pleasure from PB&J and cacao-free chocolate. If you wish to be taught extra concerning the mission, check out the article under. Who is aware of, it won’t be lengthy earlier than your favourite meals is ready for the longer term.

Spherical Co-Led By UBS O’Connor and Degree One Fund To Promote Progress and R&D Enlargement Forward of Q2 Launch

OAKLAND, Calif., Might 5, 2022 /PRNewswire/ — Voyage Meals, the main meals expertise firm recognized for re-creating a few of our most beloved meals utilizing sustainable substances and sourcing practices, right now introduced a $36M Sequence A spherical, bringing whole funding to this point to $41.7M. The spherical was co-led by funds managed by UBS O’Connor and Degree One Fund, and in addition included participation from Horizons Ventures, SOSV’s Indie Bio, and Social Affect Capital.

Voyage Meals was created to handle lots of the points which might be making widespread meals merchandise more and more tough to entry: local weather change, rising prices, unethical manufacturing, and well being points. The corporate’s three proprietary merchandise – peanut-free unfold, cacao-free chocolate, and occasional with out the espresso beans – are molecularly just like their unique counterparts, freed from the highest 9 main allergens, and made utilizing a mix of entire, pure substances which might be sustainably produced, with out sacrificing the flavour and expertise shoppers are aware of. They’re additionally comparable in value to conventional espresso, peanut butter, and chocolate, demonstrating that revolutionary options to the way forward for meals wouldn’t have to translate to larger prices.

The closing of this Sequence A funding spherical establishes Voyage Meals as a high competitor within the moral meals market, which is projected to develop to $727.86B by 2025 at an annual fee of 5.8% as shoppers demand extra accountability from widespread manufacturers. Espresso costs have been rising lately largely resulting from unstable climate patterns and local weather change, whereas cacao manufacturing has the biggest water footprint of every other crop and makes use of problematic cultivation practices within the type of youngster and slave labor. In the meantime, extreme peanut allergy symptoms have an effect on over 6.1 million People, equivalent to roughly 2% of the U.S. inhabitants, and are quickly on the rise in each youngsters and adults. Voyage Meals’ merchandise is not going to solely assist mitigate these considerations and supply a blueprint for a extra simply system, however may also protect the basic meals which might be going through challenges in methods which might be accessible to everybody.

Voyage Meals is led by a staff of esteemed meals scientists together with CEO Adam Maxwell, who has a robust background working for high meals and beverage expertise firms akin to CHEW Innovation and Countless West, and Head of Operations Kelsey Tenney, who served as Senior Meals Scientist at Countless West and Unbelievable Meals.

“At Voyage, we’re future-proofing time-tested favourite meals in order that we will get pleasure from them for years to come back with out having to fret about their impression on the atmosphere and unjust labor customs that contributed to creating them,” mentioned Voyage Meals CEO Adam Maxwell. “We’re thrilled to be working with dynamic buyers who’re dedicated to serving to us create scrumptious variations of historically unsustainable meals merchandise that gained’t be restricted by local weather change, humanitarian considerations, or immunological points.”

“Voyage’s means to ship true 1:1 replacements for a few of the world’s most vital meals merchandise is a feat unmatched by most meals tech firms,” mentioned Kevin Russell, Chief Funding Officer of UBS O’Connor. “In comparison with incumbent merchandise that is completed at a superior price and with a considerably diminished environmental impression, and has the potential to remodel the meals system in a approach that advantages all stakeholders.”

Voyage Meals’ future features a mixture of retail and B2B partnerships, with a give attention to incorporating merchandise into a few of the main meals producers with the intention to assist them transition to a extra environmentally aware and equitable meals provide. Their first product, the peanut-free unfold, might be launching in sure in-store and on-line retailers in Q2. Voyage’s cacao-free chocolate might be launching as an ingredient with a industrial associate in Q3.

About Voyage Meals:

Voyage Meals is a expertise firm future-proofing our basic favorites by recreating them utilizing sustainable, scalable substances with out compromising style or affordability. Via its proprietary, breakthrough expertise, Voyage is guaranteeing that our beloved meals stay accessible regardless of environmental, moral, and well being considerations, whereas demonstrating that conventional substances and outmoded sourcing practices aren’t vital for scrumptious and cherished meals experiences. Whereas Voyage has perfected three merchandise to this point – cacao-free chocolate, peanut-free unfold, and occasional with out espresso beans – the expertise makes use of entire substances to recreate any non-fibrous meals, making it doable to get pleasure from our favourite meals, endlessly. For extra info, go to www.voyagefoods.com.

The unique article could be discovered on PR Newswire.