Food tech company Voyage Foods raised a $36 million Series A round co-led by UBS O'Connor and Level One Fund, the company's CEO and founder Adam Maxwell told Axios.
The startup previously raised $6 million and has a pre-money valuation of $85 million, he added.
Why it's important: The food technology company is pioneering a new approach for creating sustainable food alternatives by taking a widely available, environmentally-friendly raw ingredient and turning it into a popular food item.
