Planet A Foods Analysis: $30M Raised
What is Planet A Foods?
Planet A Foods creates sustainable, cocoa-free ingredients that mimic chocolate's flavors and textures, focusing on reducing environmental impact while ensuring quality and taste.
Employees
6
Founded
2021
Revenue
$6.2-7.9M
Product Features & Capabilities
- ChoViva, cocoa-free chocolate alternative, offers flavor, snap, texture, and versatility
- ChoViva Butter, Cocoa Butter Identical (CBI), provides identical properties to cocoa fat.
How much Planet A Foods raised
1: - $30 million
December 2024Lead Investor: Not specified in the sources, but the round was led by various investors in the foodtech sector.
Market Focus
Planet A Foods primarily focuses on the food industry, specifically on developing sustainable, cocoa-free food ingredients that replicate the flavors and textures of chocolate.
Business Model
B2B model selling sustainable, cocoa-free ingredients; revenue from product sales and investments.
Competitors Overview
Planet A Foods operates in the sustainable food ingredients market, specifically focusing on cocoa-free alternatives. Its main competitors include:
- Voyage Foods: Based in Oakland, California, Voyage Foods is the best-funded company in this space, with a total funding of $94 million. They cre
Investors
- Planet A Foods has raised $30 million in a Series B funding round.
- The funding round was led by investors including:
- Blue Horizon
- PeakBridge
- FoodLabs
- other unnamed investors.
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