Umaro Foods is a restaurant chain that makes plant-based vegan bacon food, which appeared in Shark Tank Season 13 Episode 18. The Umaro Foods company sources its plant-based protein from ocean-farmed seaweed. Zotter and Stiles, the founder of Umaro Foods, asked for $500,000 in exchange for her company’s 2% equity in Shark Tank.
Zotter and Stiles are Independent Talented Women who are working in a Unique Technology. Umaro Foods is working on such a technology that it is innovating the food industry through Seaweed Farming Method.
The market value of seaweed globally is USD 16.7 billion. China produces most of the seaweed in the world.
This Umaro food enhances food production through its love-cost seaweed farming method without contributing to land use change and deforestation.
What Is Umaro Foods?
Umaro Foods is a foods brand based in Albany, California, the United States that uses seaweed to make natural proteins for women and children. The official launch of this startup was in 2022.
According to some food experts, seaweed provides the most natural protein.
The reason for this is believed that seaweed is a plant growing in the ocean etc. It grows on its own, it does not require watering, cultivation, and fertilizer.
Meat Eater is similar to Bacon but this brand is supplying Vegan Bacon Food. In eating this food like meaty, crispy, and crunchy.
According to Umaro Foods, Many Protein Things Can Be Put in Buses Like Seaweed, Chickpea, Coconut, Sunflower, Plant Flavors & Colors, Sea Salt, and Sugarcane.
Umaro Foods Shark Tank Update
|Company Name||Umaro Foods|
|Founder||Beth Zotter and Amanda Stiles|
|Product||UMARO Foods specializes in developing a plant-based protein source from ocean-farmed seaweed.|
|Asked For||$500,000 For 2% Equity|
|Final Deal||$1,000,000 For 7% Equity|
|Episode (Shark Tank USA)||Season 13 Episode 18|
|Business Status||In Business|
|Net Worth||$14 Million *Approx|
Umaro Foods Contact Details
|Place||Albany, California, United States|
Who Is The Founder Of Umaro Foods? – Beth Zotter Shark Tank and Amanda Stiles Shark Tank
Beth Zotter and Amanda Stiles, the co-founders of Umaro Foods, both started this startup. There are other people in his team who helped in this.
Beth Zotter is a Technology Entrepreneur who works on Renewable Energy. Before launching Umaro, she worked with science-based startups at Cyclotron Road and directed an R&D program at Bio Architecture Lab, a seaweed biofuels company. Zotter is the Co-Founder and CEO of Umaro Foods.
Amanda Stiles is the CTO and Co-Founder of this company. She is a Ph.D. plant biochemist by profession and used to toad the research team of Ripple Foods.
Apart from these two, this company includes Director of Business Operations Royal Sayewitz and Protein Scientist Tim Arapov.
Umaro Foods Before Shark Tank
The protein that comes from seaweed acts like multiple nutrition for the human body. Its quality is more than other protein food.
Umaro Food raised $3 million in funding in a venture round on Jan 27, 2022, to continue its research and enhance product quality.
After getting the first funding, she started growing his startup.
It starts its food service from $18 per pound which provides high protein along with very tasty.
What Happened To Umaro Foods After Shark Tank?
Umaro Foods works in the vegan bacon business and got a lot of popularity from the show Shark Tank.
People search for good food without any chemical mix so that they can keep their health fit and get a fitness body.
After marketing it for free, people will definitely try to know about it so that they can come to know about this product.
Did Umaro Foods Get a Deal on Shark Tank
The founders of this brand, Beth Zotter, and Amanda Stiles, with their unique pick at Shark Tank, told Shark about the specialty of their product.
To invest in any startup, investors try to know about its feature plan and its sales, and profit rate. The highest interest of the investor is on the sales and how much profit they are getting in it.
The founder tried to approach Shark by investing $500,000 in her company in exchange for 2% of the company’s equity.
Kevin O’Leary made his offer to invest in this business that he wanted 8% of the company in return for a $500,000 investment.
The founder issued her counteroffer the day she wanted $1 million in exchange for 8% equity in her company. Mark Cuban is showing his interest in this demand of $1 million.
After Cuban, Shark Lori Greiner has also made up her mind to invest in it $500,000 for a 4% equity + on the next round of funding.
Mark Cuban agreed to invest 7% Equity in her Company in exchange for $1 million in funding in a 2nd counteroffer from the founder of Umaro Foods.
What Is The Umaro Foods Net Worth/Valuation?
Umaro Foods Net Worth Depends On Its Valuation So Its Net Worth We Guess Can Be Of $14 Million. Recently they got funding of $3 million.
If this startup is able to provide a new type of food to the food industry in the coming times, then it will be called a revolution.
|Umaro Foods Net Worth||$14,000,000 *Approx|
|Beth Zotter‘s Net Worth||$30,000 – $60,000 *Approx|
|Amanda Stiles Net Worth||$30,000 – $60,000 *Approx|
Is Umaro Foods Still In Business?
Umaro Foods Protein is developed in California’s San Francisco area.
The growth of seaweed farming is increasing through their own technology. She is working in Seaweed Farming Technology with the University of New Hampshire, University of New England.
The headquarter of this private company is in San Francisco Bay Area, West Coast, Western Us and currently 1 to 10 employees are working in it.
Shark Tank Air Date: 04/01/2022 – Season 13 – Episode 18
Next, we will give you information about the Umaro Foods startup.