YA

Yume Food Australia

www.yumefood.com.au link_icon

Yume Food Company Research Report



Company Overview



  • Name: Yume Food

  • Mission: Yume Food aims to reduce food waste by efficiently managing surplus food inventory through innovative technology solutions.

  • Founded: No information is available

  • Founders: Katy Barfield OAM

  • Key People:

  • Katy Barfield OAM, CEO & Founder

  • Headquarters: No information is available

  • Number of Employees: No information is available

  • Revenue: No information is available

  • Core Competence: Yume is known for its digital platform promoting the sale and donation of surplus food to help reduce food waste in Australia. It connects food manufacturers with businesses and charities to redistribute excess inventory efficiently.


Products



Yume offers a platform that facilitates:

  • Excess Inventory Management:

  • Description: Yume digitizes the traditionally manual sales processes for food manufacturers by providing a platform to automate the sale and donation of surplus inventory such as unsold, clearance, or mislabeled products.

  • Key Features:

  • Automates sales processes

  • Connects suppliers with a network of buyers

  • Enables seamless donations to charities

  • Manages product details and updates for potential buyers


Recent Developments



  • Funding: Yume raised AUD $2 million in a seed funding round led by Investible to expand its surplus food solutions.

  • Partnerships:

  • Partnered with SecondBite to tackle food waste.

  • Partnered with SUEZ, securing a 20% equity stake to advance its food waste reduction mission.

  • Collaborated with Kellogg's and Lion to produce green beer from surplus food.

  • Technology:

  • Launched a technology enabling food donations with a click of a button, simplifying the charitable process for surplus food distribution.

  • Innovative Solutions:

  • Developed an Australian-first platform for producers to sell or donate surplus food, supported by collaborations with companies like the Victorian Government, Unilever, Mars Food, and General Mills.


Additional Information



  • Recognition: Katy Barfield was appointed a Member of the Order of Australia in 2023.

  • Sustainability Milestones:

  • Saved 208 tonnes of apricot juice from waste.

  • Rescued and repurposed 7 tonnes of Maltitol.

  • Prevented waste of various food items like Angus Beef Pies, yellowfin tuna sachets, and Canadian maple syrup through strategic reuse and redistribution.


Conclusion



Yume Food continues to innovate in the food tech space by utilizing technology to address food waste challenges in Australia. Through effective partnerships and technology upgrades, Yume remains a frontrunner in managing surplus food and contributing to sustainability goals.