Voyage Meals believes that there are meals with an unsure future, with meals allergic reactions, local weather change, humanitarian points, and extra standing out as issues. That’s the reason the corporate has the aim 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 beneath. Who is aware of, it may not 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 Growth Forward of Q2 Launch
OAKLAND, Calif., Could 5, 2022 /PRNewswire/ — Voyage Meals, the main meals expertise firm identified for re-creating a few of our most beloved meals utilizing sustainable components and sourcing practices, right now introduced a $36M Sequence A spherical, bringing complete funding to this point to $41.7M. The spherical was co-led by funds managed by UBS O’Connor and Degree One Fund, and likewise included participation from Horizons Ventures, SOSV’s Indie Bio, and Social Influence Capital.
Voyage Meals was created to handle lots of the points which might be making frequent meals merchandise more and more troublesome 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 low with out the espresso beans – are molecularly just like their unique counterparts, freed from the highest 9 main allergens, and made utilizing a mixture of complete, pure components which might be sustainably produced, with out sacrificing the flavour and expertise shoppers are accustomed to. 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 greater 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 charge of 5.8% as shoppers demand extra accountability from fashionable 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 another crop and makes use of problematic cultivation practices within the type of youngster and slave labor. In the meantime, extreme peanut allergic reactions have an effect on over 6.1 million Individuals, akin 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 issues and supply a blueprint for a extra simply system, however will even protect the traditional 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 powerful 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 Unimaginable Meals.
“At Voyage, we’re future-proofing time-tested favourite meals in order that we are able to get pleasure from them for years to come back with out having to fret about their affect on the atmosphere and unjust labor customs that contributed to creating them,” stated Voyage Meals CEO Adam Maxwell. “We’re thrilled to be working with dynamic traders who’re dedicated to serving to us create scrumptious variations of historically unsustainable meals merchandise that received’t be restricted by local weather change, humanitarian issues, or immunological points.”
“Voyage’s means to ship true 1:1 replacements for a number of the world’s most vital meals merchandise is a feat unmatched by most meals tech firms,” stated Kevin Russell, Chief Funding Officer of UBS O’Connor. “In comparison with incumbent merchandise that is completed at a superior value and with a considerably decreased environmental affect, and has the potential to rework the meals system in a approach that advantages all stakeholders.”
Voyage Meals’ future features a mixture of retail and B2B partnerships, with a concentrate on incorporating merchandise into a number of the main meals producers with the intention to assist them transition to a extra environmentally acutely 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 business companion in Q3.
About Voyage Meals:
Voyage Meals is a expertise firm future-proofing our traditional favorites by recreating them utilizing sustainable, scalable components with out compromising style or affordability. By its proprietary, breakthrough expertise, Voyage is making certain that our beloved meals stay accessible despite environmental, moral, and well being issues, whereas demonstrating that conventional components and outmoded sourcing practices aren’t essential for scrumptious and cherished meals experiences. Whereas Voyage has perfected three merchandise to date – cacao-free chocolate, peanut-free unfold, and low with out espresso beans – the expertise makes use of complete components to recreate any non-fibrous meals, making it attainable to get pleasure from our favourite meals, ceaselessly. For extra info, go to www.voyagefoods.com.
The unique article could be discovered on PR Newswire.