Swap Seeks $10M Emergency Funding Amid Leadership Change

French plant-based chicken startup Swap, formerly Umiami, is seeking $10 million in emergency funding following weak sales and the resignation of co-founder Tristan Maurel as CEO. The company aims to renegotiate debts after reporting only €1 million in turnover for 2024, highlighting challenges in the plant-based meat sector.

Original excerpt: Swap, la société parisienne de poulet végétal anciennement connue sous le nom d’Umiami, est en difficulté financière…

Source: Green Queen