Exciting News: Voyage Foods Raises $52M in Funding and Secures Global Partnership with Cargill

Bay Area food innovation company Voyage Foods has secured $52 million in funding, bringing its total funding to $94 million. The A+ round was mainly backed by prior investors, co-led by Level One Fund and Horizons Ventures, with additional support from SOSV, Collaborative Fund, and Nimble Partners.

The confidence in Voyage Foods is evident as Cargill recently signed an exclusive global deal to supply commercial/B2B customers in partnership with the company. Inge Demeyere, managing director of Indulgence Europe at Cargill, expressed pride in the partnership, stating that it aligns with their commitment to sustainability and meeting consumer demands.

Cocoa prices have surged by 250% over the past year, making Voyage’s cocoa-free products even more appealing. A third-party Life Cycle Assessment (LCA) revealed that Voyage’s products are more sustainable than traditional chocolate options.

James Stewart, founding partner of Level One Fund, praised Voyage’s technology for setting a new standard in the food tech industry. He highlighted the company’s ability to produce cost-effective and sustainable replicas of essential food products, making them a valuable solution for major food companies facing supply chain disruptions.

Voyage’s allergy-friendly spreads, which are safe for schools, have already made a mark in the market by launching nationwide at Walmart in fall 2023. This achievement is remarkable for a startup in the food industry, showcasing the company’s potential for growth and success.