France

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

Oct 21, 2023 | By Startup Rise EU

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.

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.

RECOMMENDED FOR YOU

recomd
Funding
[Funding alert] London-based Oxx Secures €172 Million its Second Fund Generation
Startup Rise EU
Nov 29, 2023
recomd
Funding
Carwow Group funding news – London-based Carwow Group Secures $52Million in Fresh Round Funding
Startup Rise EU
Jul 19, 2024
recomd
Funding
IENAI Space funding news – Madrid-based IENAI Space Secures €3.9 Million in Funding
Startup Rise EU
Jun 17, 2024

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.

Recommended Stories for You

story
Funding

[Funding alert] Berlin-based Vyld Raises Seven-Figure Seed Funding

Startup Rise EU Jan 19, 2024

story
Funding

[Funding alert] London-based Nuke From Orbit Secures €585k in Pre-Seed Funding

Startup Rise EU Mar 8, 2024

story
Funding

[Funding alert] European VC Firm Breega Launches €150M Fund named “Europe Seed III”

Startup Rise EU Oct 18, 2023

story
Funding

Ember funding news – Embedded Accounting Startup Ember Secures £5million in Funding

Startup Rise EU May 18, 2024

story
Funding

[Funding alert] Future Energy Ventures Secures €110 Million in Funding

Startup Rise EU Jan 30, 2024

story
Funding

[Funding alert] Milan-based StepsConnect Secures €1 million in Funding

Startup Rise EU Apr 5, 2024