Food Tech Startup Yume Seeks Buyer After Running Out of Capital in Tough Market

Food tech startup Yume seeks buyer after running out of capital in tough market

Food waste platform Yume collapsed after exhausting its financial runway, founder Katy Barfield OAM announced this week. What’s happening: Food waste prevention platform Yume Food Australia entered voluntary administration on 18 November 2024, with Teneo Financial Advisory Australia appointed to manage the company’s affairs. Why this matters: Yume’s collapse highlights the brutal reality facing mission-driven startups in Australia’s current capi…

Yume Food enters liquidation amid financial strain

Yume Food Australia has entered liquidation and launched a sale of its business amid pressures on its operating capital. Founded in 2015, Yume Food operates a digital trading platform that enables food manufacturers to sell surplus products. The platform generates additional revenue for manufacturers by reducing food disposal, while also streamlining the process for donating unsold food to relief organisations. Since its founding, the company ha…

Yume Food enters liquidation amid financial strain

Yume Food Australia has entered liquidation and launched a sale of its business amid pressures on its operating capital. Founded in 2015, Yume Food operates a digital trading platform that enables food manufacturers to sell surplus products. The platform generates additional revenue for manufacturers by reducing food disposal, while also streamlining the process for donating unsold food to relief organisations. Since its founding, the company ha…

Yume Food collapses into liquidation after a decade of fighting food waste

Food redistribution platform Yume Food has been placed in liquidation, with the 10-year-old startup and its assets being put on the market.

Decade-old food redistribution startup Yume is up for sale after hitting liquidation

Founder Katy Barfield and the Yume board handed the keys to Teneo Financial Advisory Australia as Liquidators on November 18.