Also known as: Next Chocolate, NxFoods, QOA, Planet A Foods
Building the next generation food ingredient champion.
Company is active
Event Year: 2021
Company is active
Event Year: 2021
Envision a future where chocolate, a beloved global indulgence, becomes scarce. The cocoa supply faces significant threats, and its environmental impact rivals that of meat production. Planet A Foods addresses this challenge by creating sustainable chocolate alternatives through precision fermentation. This innovative approach yields chocolate that is ten times more sustainable and twenty percent more cost-effective than traditionally produced chocolate. To replicate the sensory experience of conventional chocolate, including its smooth texture and flavor profile, Planet A Foods focuses on both flavor development and the replacement of cocoa butter. With 55 million pounds of chocolate consumed daily, Planet A Foods aims to capture a substantial portion of the market with its environmentally conscious alternative by 2035. Furthermore, the company is expanding its technology platform to develop sustainable alternatives for other ingredients, such as palm oil, solidifying its position as a next-generation food ingredient champion.
Envision a future where chocolate, a beloved global indulgence, becomes scarce. The cocoa supply faces significant threats, and its environmental impact rivals that of meat production. Planet A Foods addresses this challenge by creating sustainable chocolate alternatives through precision fermentation. This innovative approach yields chocolate that is ten times more sustainable and twenty percent more cost-effective than traditionally produced chocolate. To replicate the sensory experience of conventional chocolate, including its smooth texture and flavor profile, Planet A Foods focuses on both flavor development and the replacement of cocoa butter. With 55 million pounds of chocolate consumed daily, Planet A Foods aims to capture a substantial portion of the market with its environmentally conscious alternative by 2035. Furthermore, the company is expanding its technology platform to develop sustainable alternatives for other ingredients, such as palm oil, solidifying its position as a next-generation food ingredient champion.
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2021
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2021
Consumer
Consumer
Consumer -> Food and Beverage
Consumer -> Food and Beverage
Team size: 6
Hiring: No
Team size: 6
Hiring: No