# The Yume App

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-yume-app-pty

- Industry: Software
- Headquarters: Melbourne, Australia
- Website: www.yumefood.com.au/
- Total disclosed funding: $1.3M
- Latest round: Seed (Jan 29, 2024)
- Investors on record: 5

## About

Founded in 2015 and based in Melbourne, Australia, The Yume App Pty Ltd operates an online marketplace that offers surplus food from suppliers. The company was founded by its CEO, Katy Barfield. In January 2024, The Yume App Pty Ltd raised AUD 2 million in seed funding from the Climate Tech Fund, including Launch VIC, Goodrich Group, and Veolia.

The company provides a platform for surplus food management that helps food manufacturers transform their business processes by automating sales and donation workflows. The firm’s platform enables manufacturers to manage, sell, and donate excess inventory, including clearance, out-of-spec, and mislabelled products. Yume’s technology streamlines sales, boosts revenue, and ensures that unsold food reaches those in need.

## Funding rounds

- Seed, Jan 29, 2024, $1.3M — Veolia Group, Investible, LaunchVic, Goodrich Group, Edgewater Place Capital

## Investors

- Veolia Group — Seed
- Investible (https://capitalatlas.ai/funds/investible) — Seed
- LaunchVic (https://capitalatlas.ai/funds/launchvic) — Seed
- Goodrich Group — Seed
- Edgewater Place Capital (https://capitalatlas.ai/funds/edgewater-place-capital) — Seed