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Planet A Foods

Planet A Foods

Planet A Foods is a cocoa-free chocolate maker founded in 2021 by Sara Marquart.

OverviewStructured DataIssuesContributors

Contents

planet-a-foods.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Clean technology
Clean technology
Chocolate
Chocolate
Fermentation
Fermentation
Alternative proteins
Alternative proteins
Manufacturing
Manufacturing
Technology
Technology
Food technology
Food technology
Location
Munich
Munich
Germany
Germany
B2X
B2C
B2C
CEO
Maximilian Marquart
Maximilian Marquart
Founder
Sara Marquart
Sara Marquart
0
Maximilian Marquart
Maximilian Marquart
0
Pitchbook URL
pitchbook.com/profiles...481929-94
Accelerator
Y Combinator
Y Combinator
0
Accelerator Batch
‌
Y Combinator S21 Batch
0
Number of Employees (Ranges)
11 – 50
Email Address
hello@qoacompany.com
hello@forplaneta.com
Full Address
Fraunhoferstr. 11 A, Munich, Bavaria 82152, DE
Investors
Trellis Road
Trellis Road
Pioneer Fund
Pioneer Fund
Omnes Capital
Omnes Capital
Cherry Ventures
Cherry Ventures
Tet Ventures
Tet Ventures
Fifty Years
Fifty Years
Founded Date
2021
0
Total Funding Amount (USD)
21,000,000
Latest Funding Round Date
February 1, 2024
Competitors
Marley Spoon (company)
Marley Spoon (company)
Finless Foods
Finless Foods
Juhub
Juhub
Plum Organics
Plum Organics
Primo Water Corporation
Primo Water Corporation
‌
Ambrosia Natural Foods
‌
Verkor
Performance Food Group
Performance Food Group
Business Model
Commerce
CTO
Sara Marquart
Sara Marquart
Also Known As
QOA
NxFoods
Latest Funding Type
Series A
Series A
Country
Germany
Germany
Headquarters
Munich
Munich

Other attributes

Company Operating Status
Active
Latest Funding Round Amount (USD)
15,000,000
Previous Name
QOA
Y Combinator URL
ycombinator.com/companies/qoa/0
Overview

Planet A Foods, formerly QOA, is a Germany-based start-up that makes cocoa-free chocolate using “precision fermentation” of other ingredients. This process is intended to replace cocoa butter and mimic chocolate's organoleptic properties—the tender, smooth melting taste release of chocolate products. Over the next decade, the company hopes to fully replace the cocoa used in mass-market products. The company states its chocolate product could be ten times more sustainable and 20 percent cheaper than conventional chocolate.

The company was founded as QOA in 2021 and rebranded as Planet A Foods in 2022 to represent its commitment to help save the Earth and its natural diversity—what the company calls "Planet A." The company was founded with the following reasons in mind:

  • to help the cocoa supply, which is at risk due to pathogens, climate change, and consumption
  • to reduce the deforestation driven by cocoa harvesting
  • to create a supply chain of a cocoa alternative that is free of the concerns of child labor and slave labor found in the cocoa supply chain

Planet A Foods participated in the Y Combinator accelerator program in 2021 and created a test kit of nine flavor options.

Founders

Planet A Foods was founded by scientists and siblings Dr. Sara Marquart and Dr. Maximilian Marquart. Dr. Sara Marquart is a food chemist with over ten years of field experience and with a specialization in flavor formation. And Dr. Maximilian Marquart is a material scientist who has previously founded two companies and has helped start-ups sell solutions to corporations.

Nocoa

Planet A Foods is working on two cocoa-free ingredients: a cocoa powder substitute and a cocoa butter substitute. Mixing these two ingredients creates the cocoa-free chocolate.

Nocoa is Planet Foods' first completely cocoa-free chocolate product, a cocoa substitute that is vegan and made from natural ingredients. The company has said Nocoa maintains the mouthfeel, taste, aroma, and texture associated with cocoa and does not have the problems associated with harvesting the cocoa bean.

Nocoa is made from Planet A Foods cocoa concentrate alternative, which is developed from the conversion of side streams and ingredients grown in Germany and related areas into higher valued ingredients. The prominent ingredient in the cocoa powder substitute is oats, fermented and roasted to convert the oats into something that tastes like cocoa.

Similarly, Planet A Foods is working on a cocoa butter alternative, using precision fermentation that enables microorganisms to create complex organic molecules. For example, this process can take molasses from sugar beets fed to an oleaginous yeast strain to produce a cocoa butter equivalent. Mixing the cocoa powder and cocoa butter alternatives can produce cocoa-free chocolate, with Planet A Foods working on dark and white chocolate alternatives.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

Cocoa-free chocolate developed from oleaginous yeast and fermented oats: 'There is no chance consumers could taste the difference'

foodnavigator.com

https://www.foodnavigator.com/Article/2022/08/22/planet-a-foods-develops-cocoa-free-chocolate-from-fermented-oats-and-oleaginous-yeast

Web

August 22, 2022

Rebranding Cases in Foodtech - Food Entrepreneurs

FoodEntrepreneurs

https://www.foodentrepreneurs.com/rebranding-cases-in-foodtech/

Web

September 9, 2022

Startup Of The Week: QOA

Becca Donaldson

https://techround.co.uk/startups/startup-of-the-week-qoa/

Web

June 13, 2022

References

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