Diligence memo · auto-generated · as of July 2, 2026
Voyage Foods Inc.
Voyage Foods Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Voyage Foods Inc. operates in Agtech / Foodtech, based in OAKLAND.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Voyage Foods Inc. has raised $68M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $36M on 2022-02-18.
Most recent recorded round closed around 2025-12-05.
Valuation (modeled)modeled
Provath models Voyage Foods Inc. at approximately $13M (range $7.6M–$17M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.19× the median modeled value of Series B Agtech / Foodtech companies in 2025–2027 (6 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 15 months.
Last raise 7 mo ago; this sector typically re-raises about every 14 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 7.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 97% of Agtech / Foodtech peers (481 compared).
Modeled value ranks above 62% of those peers.
Closest niche peers: Agrify Corp, Kernel Foods, Inc., V2 Food Pty Ltd, Nara Organics, Inc., Mend Nutrition Inc..
Peoplefiled
8 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.