What is Umiami?
Umiami is dedicated to producing a range of plant-based food products designed to mimic traditional meat and fish. Their product portfolio includes items such as chicken breasts, cod, and nuggets, catering to a market increasingly seeking sustainable and ethical food choices. The company's focus on creating realistic and appealing plant-based alternatives positions it within the rapidly expanding alternative food industry, driven by consumer demand for healthier and environmentally conscious options.
How much funding has Umiami raised?
Umiami has raised a total of $64.1M across 2 funding rounds:
Angel/Seed
$2.3M
Series A
$61.8M
Angel/Seed (2021): $2.3M with participation from Newfund and Kima Ventures
Series A (2023): $61.8M led by Bpifrance, Astanor Ventures, and Redalpine
Key Investors in Umiami
Newfund
Newfund Capital is an early-stage venture capital firm based in Silicon Valley and Paris, dedicated to investing in exceptional entrepreneurs. The firm focuses on helping startups grow by providing opportunities for scaling, networking, and success while prioritizing investments that benefit both people and the planet.
Kima Ventures
Kima Ventures is the venture capital arm of Xavier Niel, one of the most active early-stage investors in the world. Kima is investing in 100 startups per year from pre-seed to seed. Based in Station F in Paris, Kima has invested since 2010 in almost 950 startups, including Transferwise, Carta, Sorare, Docker, Boom, Docker, Ledger and Front, providing founders with funding, network and support for them to reach the next steps of their journey.
Bpifrance
Founded in 2012, based out of France, Bpifrance finances companies - at each stage of their development - with credit, guarantees and equity. Bpifrance supports them in their innovation projects and internationally. Bpifrance also ensures their export activity through a wide range of products.
What's next for Umiami?
With the recent major strategic investment, Umiami is poised for significant expansion and product development. The substantial capital infusion, part of its overall enterprise-level financing, will likely fuel advancements in manufacturing capabilities, research into new product lines, and broader market penetration. This strategic backing suggests a focus on scaling operations to meet growing demand and solidifying its market share in the competitive plant-based food landscape. The company's trajectory indicates a move towards broader commercialization and potentially international market entry.
See full Umiami company page
