Fundz

Food redistribution startup Yume lands $2million Seed raise

PRIVATEJan 29, 2024

Amount Raised

$2 Million

Round Type

Seed

MelbourneAgriculture and FarmingFood And Beverage

Investors

Pitzy FolkVeoliaGoodrich GroupLaunch VicInvestible

Description

Food redistribution startup Yume has raised $2 million in a Seed round led by Investible via its Climate Tech Fund, Investible’s Early Stage Fund 2 and Club Investible syndicate, with support from LaunchVic, Goodrich Group, Veolia, and angel investor Pitzy Folk. This latest round of funding brings Yume’s total funding to $7 million and will be used to improve its tech capabilities ahead of international expansion plans, with a focus on doubling the headcount in 2024, especially in the technology and product teams.

Quick answer

Yume raised $2 Million in a Seed round, dated January 29, 2024. Investors: Pitzy Folk, Veolia, Goodrich Group, Launch Vic and Investible. Yume is based in Melbourne, Victoria, Australia.

How much did Yume raise?
Yume raised $2 Million in a Seed round on January 29, 2024.
Who invested in Yume?
Pitzy Folk, Veolia, Goodrich Group, Launch Vic and Investible are named as investors in this round.
What does Yume do?
Yume is an E2E technology transforming the management of surplus food.
Where is Yume based and how big is it?
Yume is based in Melbourne, Victoria, Australia.
Who are the decision-makers at Yume?
Fundz holds 1 contact at Yume. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Agriculture and Farming and Food And Beverage around the same time

Companies in the same sectors as Yume that raised within 45 days of this round, from Fundz verified event records.

  • White River Soy Processing raised $7.5M on February 12, 2024.
  • Farmshelf Corp raised $795K (Seed) on February 7, 2024.
  • Inari raised $103M (Funding Round) on February 5, 2024.
  • Chamberlain Coffee raised $4.6M on February 1, 2024.
  • HeavyFinance raised $55M (Funding Round) on March 14, 2024.
  • Aqua Vitea raised $1M (Seed) on March 13, 2024.

Who to call at Yume, and when

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Company Information

Company

Yume

Location

Melbourne, Victoria, Australia

About

Yume is an E2E technology transforming the management of surplus food. Food manufacturers use Yume to transform how they manage, sell and donate excess inventory (such as SLOB, clearance, NPD, de-ranged, out of spec and mislabelled products). Yume digitises manual processes, allowing manufacturers to automate sales and donation workflows, increase revenue and reduce food waste.

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Yume raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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