SWAP Foods

Overview
News
Plant-based Meat?
Product stageSegments
Go-to-Market
?
Manufacturer (poultry)
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SWAP Foods (formerly Umiami) is a French plant-based meat startup that has developed proprietary Umization technology to texturize plant proteins for whole-cut meat alternatives made from peas and soybeans. The startup claims its novel technology enables control over the direction of the plant fibers, with a thickness that can increase as much as 10 cm, compared to the current 1 cm-1.5 cm in thickness for high-extrusion cooking. Furthermore, it claims to use only 10 ingredients for its plant-based meat, compared to 30-40 ingredients used in high-extrusion cooking, including texturing agents like methylcellulose or gum. 

In December 2022, the company acquired a 14,000 sq foot former Unilever production facility in Duppigheim, France to increase its production capacity with operations slated to begin in 2H 2023.

In October 2024, following its rebrand from Umiami, SWAP Foods launched SWAP Chicken, its first product in the North American market. The rollout began in Chicago where the company had secured several listings with foodservice venues.

Key customers and partnerships

In January 2022, the company announced a partnership with Above Foods to collaborate on R&D, including scaling production techniques for developing texturized whole-cut meat and fish analogs using a variety of Above Foods's patented protein components. In August 2023, SWAP Foods formed a strategic partnership with Swiss distribution specialist FFF Fresh & Frozen Food to introduce its vegan chicken fillet in 165 Coop stores across Switzerland.

HQ location:
Paris FRA
Founded year:
2020
Employees:
11-50
IPO status:
Private
Total funding:
USD 95.7 mn
Last Funding:
USD 34.0 mn (Series A; Oct 2023)
Last valuation:
-
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