About Proxy Foods
Proxy Foods is a company founded in 2022 by Sid Mitroo and Panos Kostopoulos.. Proxy Foods has raised $2.3 million across 1 funding round from investors including Ted Leonsis, Ted Xenohristos and Anthony Nader. Proxy Foods offers products and services including Recipe Formulation Software, New Product Development, Existing Product Reformulation, Ingredient Database, and Data Analytics & Insights. Proxy Foods operates in a competitive market with competitors including Cookd, Little Lunches, Stashcook, Kitchenful and PlanEAT, among others.
- Founders Sid Mitroo, Panos Kostopoulos
-
Sectors
Consumer
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Proxy Foods Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$2.3 M (USD)
in 1 rounds
-
Latest Funding Round
$2.3 M (USD), Seed
Mar 22, 2023
-
Investors
& 2 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Proxy Foods
Proxy Foods offers a comprehensive portfolio of products and services, including Recipe Formulation Software, New Product Development, Existing Product Reformulation, Ingredient Database, and Data Analytics & Insights. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for creating and managing food recipes efficiently.
System for discovering sustainable ingredient pairings quickly.
AI for adjusting recipes to meet regulations and preferences.
Database for data-driven decisions on flavor and nutrition.
Platform for analyzing food formulations with expert insights.
Funding Insights of Proxy Foods
Proxy Foods has successfully raised a total of $2.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.3 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.3M
-
First Round
First Round
(22 Mar 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Seed - Proxy Foods | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Proxy Foods
Proxy Foods has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Ted Leonsis, Ted Xenohristos and Anthony Nader. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
TL
Ted Leonsis |
American-Indian angel investor, sports team owner, and media executive
|
Founded Year | Domain | Location |
|
TX
Ted Xenohristos |
Angel investor, co-founder of Coda Payments, focused on tech startups
|
Founded Year | Domain | Location |
|
AN
Anthony Nader |
Angel investor and entrepreneur, co-founder of SWVL, focused on tech startups
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Proxy Foods
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Proxy Foods
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Proxy Foods Comparisons
Competitors of Proxy Foods
Proxy Foods operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cookd, Little Lunches, Stashcook, Kitchenful and PlanEAT, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform offering meal planning solution
|
|
| domain | founded_year | HQ Location |
Personalized kids' meal plans are provided through a mobile app.
|
|
| domain | founded_year | HQ Location |
Online platform offering meal planning services for users.
|
|
| domain | founded_year | HQ Location |
Personal grocery assistance for meal planning and shopping is provided.
|
|
| domain | founded_year | HQ Location |
Delivers an app-based platform for personalized meal planning to support healthy lifestyles.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Proxy Foods
When was Proxy Foods founded?
Proxy Foods was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Who is the current CEO of Proxy Foods?
Panos Kostopoulos is the current CEO of Proxy Foods. They have also founded this company.
Is Proxy Foods a funded company?
Proxy Foods is a funded company, having raised a total of $2.3M across 1 funding round to date. The company's 1st funding round was a Seed of $2.3M, raised on Mar 22, 2023.
What does Proxy Foods do?
Proxy Foods was founded in 2022 as an AI-driven platform in the food technology sector. Recipe discovery services are offered, including food recipes, nutrition details, and cooking guidance. Formulation solutions for recipes are supplied to product developers, food technologists, chemists, and sensory specialists in the food and beverage industry. Operations are conducted via the proxyfoods.ai domain.
Who are the top competitors of Proxy Foods?
Proxy Foods's top competitors include Cookd, Kitchenful and Little Lunches.
What products or services does Proxy Foods offer?
Proxy Foods offers Recipe Formulation Software, New Product Development, Existing Product Reformulation, Ingredient Database, and Data Analytics & Insights.
Who are Proxy Foods's investors?
Proxy Foods has 3 investors. Key investors include Ted Leonsis, Ted Xenohristos, and Anthony Nader.