# SWAP

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/swap

- Industry: Food
- Headquarters: Paris, France
- Website: www.umiami.com/
- Total disclosed funding: $64M
- Latest round: Series A (Sep 11, 2023)
- Investors on record: 8

## About

Based in Paris, France, and founded in 2020 by CEO Tristan Maurel, Martin Habfast, and Hugo Dupuis, Umiami SAS uses a proprietary technology to produce clean-label plant-based whole-cuts of meat and fish. In October 2023, Umiami SAS raised EUR 32.5 million in series A funding led by Bpifrance, with participation from Astanor Ventures, Newfund Management, Redalpine, and Verso Capital.

Umiami provides clean-label plant-based products, such as chicken breasts, cod, chicken nuggets, and more to the brands where they sell these products under their brand name. The company’s products are also available for both small and international restaurants.

Umiami SAS intends to use the October 2023 funding to support building a new factory plant in Alsace.

## Funding rounds

- Series A, Sep 11, 2023, $35M — Newfund, Bpifrance, Redalpine, Bpifrance Investissement, Verso Capital, Astanor Ventures
- Series A, Mar 30, 2022, $28M — Newfund, Bpifrance, Kima Ventures, Redalpine, Verso Capital, French Partners, Astanor Ventures
- Seed, Jul 2, 2021, $1.8M — Newfund, Kima Ventures, Verso Capital

## Investors

- Newfund (https://capitalatlas.ai/funds/newfund) — Seed, Series A
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed, Series A
- Verso Capital (https://capitalatlas.ai/funds/verso-capital) — Seed, Series A
- Bpifrance — Series A
- Redalpine (https://capitalatlas.ai/funds/redalpine) — Series A
- French Partners (https://capitalatlas.ai/funds/french-partners) — Series A
- Astanor Ventures (https://capitalatlas.ai/funds/astanor-ventures) — Series A
- Bpifrance Investissement (https://capitalatlas.ai/funds/bpifrance-investissement) — Series A