US-based functional food manufacturer Soylent has announced the completion of its latest round of financing, which has raised US$50m.

The round has been spearheaded by GV – formerly Google Ventures – along with Tao Capital Parnters and existing investors.

To date, the company has raised $74.5m in funding and with this latest tranche, Andy Wheeler, the general partner at GV will join Soylent’s board of directors.

“This funding will enable us to expand our current product offerings, support our expansion efforts into traditional retail and international territories, and further our goal of bringing Soylent products to people around the world,” said Rob Rhinehard, Soylent’s founder and CEO.

“Soylent is addressing one of the biggest issues we face today: access to complete, affordable nutrition,” added Wheeler.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Soylent’s products include ready to drink meals in different flavours, and meal replacement powders.

The company launched in 2013 with more than $3m from the largest crowdfunded food project in history. In the first quarter of this year, the company’s net revenue as nearly double the same period last year.

Last month, Soylent had to recall 890 boxes of Soylent Powder over concerns that it may have contained undeclared milk, which could cause problems for consumers with dairy allergies.