Proxy Foods AI, headquartered in Washington, D.C., raised $6M in a seed round led by Ted Leonsis, the company announced on August 5, 2026. The funding is intended to accelerate the company’s AI-native platform for global food and beverage product development.
Proxy Foods AI platform and mission
Proxy Foods AI provides a software platform that integrates human insight with agentic AI to predict formulation performance. The platform is designed to accelerate food and beverage research, development, and commercialization for global CPG, foodservice, and ingredient companies, helping reduce development iterations, compress prototype timelines, and optimize product formulations for nutrition, sustainability and taste. The company operates labs and offices in Washington, D.C., San Francisco, and Greece.
Seed round and investors
The seed round was led by Ted Leonsis, Founder, Chairman, Managing Partner, and CEO of Monumental Sports & Entertainment. Additional investors participating in the round include Robert G. Hisaoka, SWaN & Legend Venture Partners, Ike Grigoropoulos, Ted Xenohristos, Dimitri Moshovitis, Howard Eisenberg, Jeff Skoll, Roger W. Ferguson Jr., Michelle Freeman, Yiannis Gavrielides, Evee Georgiadis, Alexander Georgiadis, Chris Goulakos, George P. Stamas, and Grant Verstandig.
The company said it will use the capital to accelerate the transformation of its food and beverage development platform, enhance capabilities in food science, regulatory, and commercialization workflows, and drive expansion of its global enterprise customer base. Company website: https://proxyfoods.ai
