French plant-based whole-cut chicken producer Umiami has raised an additional €32.5M ($34.7M) in funding to expand its production, accelerate European distribution, and launch operations in the US. This brings their total Series A round to €59M ($62.8M), with total investment exceeding €100M ($107M) including non-dilutive funding and public sector grants. The company uses innovative plant-based meat texturizing technology, called "umisation," to create whole-cut vegan chicken breast that mimics the taste and texture of meat while using under 10 ingredients without any controversial additives.
Umiami plans to open a new manufacturing facility with a production capacity of 7,500 tons per production line. The company also aims to expand in Europe and break into the US market, recruiting an industry veteran as its US managing director. Despite setbacks in France's plant-based meat industry, Umiami is determined to bring its innovative products to American consumers and continue revolutionizing the food industry with sustainable and tasty alternatives to meat-based products.
*This summary was generated using AI.
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