Proxy Foods, a startup leveraging artificial intelligence to tackle the complexities of flavor and nutrition in food formulation, has raised USD 2.3 million in seed funding. The round saw participation from notable investors including Ted Leonsis, and CAVA co-founders Ike Grigoropoulos and Ted Xenohristos, among others.
The company offers an AI-powered platform designed to help food and beverage companies develop new products and enhance existing recipes with greater speed, efficiency, and precision. Positioned at the intersection of advanced analytics and sustainability, Proxy Foods aims to meet growing demand for healthier, more sustainable food options.
This seed round follows a series of early accolades. Nearly a year ago, Proxy Foods took home the USD 30,000 top prize at Georgetown University’s Bark Tank competition, part of the Leonsis Family Entrepreneurship Prize. More recently, it was awarded USD 20,000 through the Hellenic Initiative’s Venture Impact Awards.
Headquartered in Washington, D.C., the company also maintains an office in Athens, Greece, and operates with a distributed team across key markets in the U.S. (DMV region and San Francisco), the UK (London), and the EU.
