Monday, March 4, 2024
HomeFunding France-based food tech company Umiami Secures $34.7M in Funding

[Funding alert] France-based food tech company Umiami Secures $34.7M in Funding

Umiami, a food technology company based in France, has raised $34.7M. Bpifrance - SPI, French Partners, KIMA Ventures, Astanor Ventures, Redalpine, Newfund, Verso Capital, and French Tech Seed participated in the round, which increased the total to $107M.

Umiami, a food technology company based in France, has raised $34.7M. Bpifrance – SPI, French Partners, KIMA Ventures, Astanor Ventures, Redalpine, Newfund, Verso Capital, and French Tech Seed participated in the round, which increased the total to $107M.

Read also – Italy-based Startup Data Masters Secures €200K in Funding

The company plans to use the money to grow across the American market, industrialize its technology quicker, and establish a Chicago headquarters.

In order to focus on plant-based markets like Switzerland, Belgium, the Netherlands, Spain, and Italy, in which it already works with Michelin-starred chefs, the company will recruit locally here and continue its expansion in Europe.

Read also – Hungary-based Startup Flawless Secures $2.2 Mn in Seed Funding

Umiami is a French foodtech company that launched in 2020 with the goal of reducing global meat consumption and the negative effects it has on people’s health, animals, and the environment.

Read also – Ukraine-based Product Development Company Trinetix Raises $10 million in Funding

About Umiami

They are innovators in the creation of the “umisation” technique for texturizing plant proteins, which has a patent pending. Without sacrificing flavor or texture, they can recreate the feeling of eating meat or fish fillet because to our umisation technology.

Umiami will inaugurate its first large manufacturing plant in October 2023, following the opening of their first pilot plant development center last year. Near the German border in Duppigheim, France, on a 14,000m2 property, one production line will be capable to produce 7,500 tonnes of product annually.

Read also – German Climatetech Startup Purpose Green Raises €3.3 million in Funding

As of right now, food processing and catering businesses can purchase Umiami’s first chicken fillet made entirely of plants.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular