Voyage Foods is a Food Ingredients & Functional company founded in 2021 and based in Oakland, United States. It has raised $94M in total funding, most recently a Series A+ in 2024.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| May 8, 2024 | Series A+ | $52M | — | Level One Fund, Horizons Ventures |
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Voyage Foods' cocoa-free chocolate recreates the taste and texture of conventional chocolate without any cacao, using ingredients such as grape seeds, sunflower protein and other plant inputs plus oils. Designed to sidestep the price volatility, deforestation and labor problems of the cocoa supply chain, an independent life-cycle analysis found it cuts emissions sharply versus traditional chocolate. Voyage produces it at industrial scale, supported by a USDA-backed loan for a large factory, and sells it business-to-business for use in confectionery, bakery and ice-cream applications, with Cargill acting as its exclusive global distributor.
Voyage Foods' bean-free coffee reproduces the flavor and aroma of brewed coffee without coffee beans, formulating it from upcycled seeds and other plant-derived ingredients. It is aimed at insulating buyers from the climate exposure, deforestation and price swings of conventional coffee farming. Voyage sells the product through business-to-business channels for use by manufacturers and foodservice operators, and has expanded availability through partners. Alongside its cocoa-free chocolate and nut-free spreads, the bean-free coffee anchors the company's strategy of replacing volatile agricultural commodities with more stable, widely available inputs.
5 patents on file, but none with both an extractable figure and an abstract on Google Patents yet.
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