Voyage Foods raises $52 million in Series A+ funding

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Voyage Foods raises $52 million in Series A+ funding

10 May 2024

Annie Hollon

Annie Hollon is a journalist, copywriter and social media strategist from the Dallas, Texas area. She found a love for magazine writing during her time at the University of Alabama where she graduated with a Bachelor of Arts, double majoring in public relations and English. Beyond writing, you can find her expanding her library, attempting to teach herself the guitar and trying new hobbies.

OAKLAND, CA — On the heels of Voyage Foods’ global distribution partnership with Cargill, the food innovation company announced it secured $52 million in a Series A+ round driven primarily by current investors. This brings the company’s current total funding to $94 million.

“Voyage Foods was born out of the desire to harness the power of food technology and activate industry-wide change,” said Adam Maxwell, CEO of Voyage Foods. “We’re thrilled our innovations have been embraced within B2B and amongst a rapidly growing consumer base. As a mission-driven food company, it’s especially fulfilling to work alongside investors that recognize and embrace our impact as we continue to move forward in further scaling manufacturing, expand distribution and deliver time-tested favorite foods that are better for the planet and our health.”

The round was co-led by Level One Fund and Horizons Ventures and included food tech funds SOSV and Collaborative Fund.

“As a mission-driven food company, it’s especially fulfilling to work alongside investors that recognize and embrace our impact as we continue to move forward in further scaling manufacturing,
expand distribution and deliver time-tested
favorite foods that are better for the planet and our health.”
— Adam Maxwell | CEO | Voyage Foods

“Voyage’s technology has set a new standard for commercialization in the food tech space by producing replicas of essential food products and ingredients that are both extremely cost competitive against, and more sustainable than, incumbent products,” said James Stewart, founding partner of Level One Fund. “As the only company in the world with the validated ability to make these replicas at scale, Voyage’s newly announced partnership with Cargill makes these products available to the world’s major food companies as an immediate solution to fluctuating commodity prices and supply chain disruptions. Level One Fund is proud to co-lead this round with Horizons Ventures and provide the capital necessary for Voyage to scale up production and yield an immediate and meaningful impact on the world.”

The funds raised will be used to address the increasing demand — both commercial and consumer — for Voyage Foods’ products accessed through B2B, foodservice and retail distribution channels.

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