# UNLIMEAT

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

- Industry: Food
- Headquarters: Seoul, South Korea
- Website: www.unlimeat.com
- Total disclosed funding: $12M
- Latest round: Series B (Feb 19, 2021)
- Investors on record: 10

## About

Based in South Korea, Unlimeat is a company that specializes in producing plant-based meat alternatives, catering to consumers seeking healthier dietary options while addressing environmental sustainability.Unlimeat, operated by Zikooin Company, was founded in 2017 in Seoul, South Korea. The company focuses on innovative food solutions, specifically in the alternative meat sector. The founder, Keum Min, has a background in food technology and previously established other ventures in the food industry. In their latest funding round in October 2021, Unlimeat raised KRW 28 billion led by STIC Ventures, with participation from several other investors, bringing the total amount raised to KRW 28 billion across their funding activities.Unlimeat specializes in a variety of alternative meat products that imitate the taste and texture of traditional meats. Their offerings focus on health-conscious consumers and those adopting vegetarian or flexitarian lifestyles. The company's products contribute to lowering carbon footprints, claiming an environmental impact equivalent to the carbon absorption of two 30-year-old pine trees. Unlimeat primarily targets urban centers in South Korea and is looking to expand into other Asian markets to meet rising demand for sustainable food options.Unlimeat generates revenue through direct-to-consumer sales and partnerships with retailers and foodservice providers. Their business model allows customers to purchase individual products or subscribe for regular deliveries. The company's pricing structure is designed to appeal to both individual consumers and businesses seeking healthier, plant-based menu options. Their flagship products are marketed as premium alternatives to meat, emphasizing quality and sustainability, with customer service channels that enhance customer relationships and loyalty.Unlimeat plans to launch new product lines aimed at diversifying its offerings and meeting consumer demand by late 2022. They are also targeting expansion into Southeast Asian markets, with plans to initiate operations in these regions by 2023. The recent funding of KRW 28 billion will support these growth initiatives, enabling product development and market entry strategies.

## Funding rounds

- Series B, Feb 19, 2021, $9.1M — IMM Investment, DT&Investment, NH Capital, Sazze Partners, Pathfinder H, A Ventures, Yellowdog
- Series A, Oct 10, 2019, $3.4M — Michigan Venture Capital, Sazze Partners, A Ventures, SG Dinehill, Yellowdog
- Seed, Oct 1, 2018 — The Invention Lab

## Investors

- The Invention Lab (https://capitalatlas.ai/funds/the-invention-lab) — Seed
- Michigan Venture Capital (https://capitalatlas.ai/funds/michigan-venture-capital) — Series A
- Sazze Partners (https://capitalatlas.ai/funds/sazze-partners) — Series A, Series B
- A Ventures — Series A, Series B
- SG Dinehill — Series A
- Yellowdog (https://capitalatlas.ai/funds/yellowdog) — Series A, Series B
- IMM Investment (https://capitalatlas.ai/funds/imm-investment) — Series B
- DT&Investment (https://capitalatlas.ai/funds/dt-investment) — Series B
- NH Capital — Series B
- Pathfinder H (https://capitalatlas.ai/funds/pathfinder-h) — Series B