Umaro Bacon Shark Tank Net Worth-What happened to Umaro Bacon after the Shark Tank?
Umaro Bacon Shark Tank Net Worth
Umaro Foods’ net worth is estimated to be around $14 million in 2023. The company raised $3 million in funding in January 2022 and continues to work on developing its plant-based vegan bacon food made from ocean-farmed seaweed.
The founders of Umaro Foods, Beth Zotter and Amanda Stiles, appeared on Shark Tank Season 13 Episode 18 and received an investment offer from Mark Cuban for 7% equity in exchange for $1 million in funding.
Umaro Foods is a restaurant chain that makes plant-based vegan bacon food, which appeared in Shark Tank Season 13 Episode 18. The company’s founders, Beth Zotter and Amanda Stiles, asked for $500,000 in exchange for 2% equity ( $25 million valuation).
Before Shark Tank, the company’s business valuation was said to be around $25 million USD. However, Umaro Foods’ valuation after investment from Mark Cuban was reduced to approximately $14 million.
The company had gotten funding of $3 million from a few foundations including Alexandria Venture Investment, Ahimsa Foundation, and Impact Science Ventures.
Umaro Foods launched its first food product recently – vegan bacon made with seaweed-based protein. Umaro bacon is now exclusively available in three places: San Francisco-based Sorrel, New York City’s Eleven Madison Park and Los Angeles’ Vespertine restaurants throughout the United States of America. The company sources its plant-based protein from ocean-farmed seaweed.
Umaro Foods does seem to still be in business in 2022 but only seems to be taking commercial orders on their website and might be further developing their product.
Umaro Bacon Shark Tank Updates
UMARO Foods is a plant-based food company that makes vegan bacon from seaweed protein. The founders, Beth Zotter and Amanda Stiles, appeared on Shark Tank Season 13 and asked for $500,000 in exchange for 2% equity in their company.
Mark Cuban offered them $1 million for 7% equity, which they accepted. The bacon comes in crispy and chewy varieties and tastes very close to real bacon. The company sources its plant-based protein from ocean-farmed seaweed.
The bacon is now available wholesale and in select restaurants. However, there is no recent news about the company since the Shark Tank episode aired. The founders received attention from prestigious organizations when they went public with their intentions.
The United States Department of Energy funded a portion of UMARO’s research as they are interested in seaweed as a fuel. The specialized venture capital firm, Clear Current Capital, also showed interest in the company.
In conclusion, UMARO Foods is a plant-based food company that makes vegan bacon from seaweed protein. The bacon is now available wholesale and in select restaurants.
The founders received attention from prestigious organizations when they went public with their intentions, but there is no recent news about the company since the Shark Tank episode aired.
Umaro Bacon Shark Tank Table Summary:
| TOPIC | INFORMATION |
| Company name | Umaro Foods |
| Product | Plant-based vegan bacon made from ocean-farmed seaweed |
| Founders | Beth Zotter and Amanda Stiles |
| Shark Tank | Received $1 million investment from Mark Cuban for 7% equity |
| Valuation | Estimated net worth of $14 million in 2023 |
| Funding | Raised $3 million in funding in January 2022 from Alexandria Venture Investment, Ahimsa Foundation, and Impact Science Ventures |
| Availability | Available wholesale and in select restaurants |
| Nutritional value | Contains less fat and cholesterol than pork bacon, a good source of protein and fat |
What Is Umaro Bacon? Who Is The Founder Of Umaro Bacon?
Umaro bacon is 100% plant-based bacon made with protein from red seaweed. It is a vegan alternative to traditional pork bacon that mimics the meaty, smoky flavor and crispy texture of bacon. Umaro Foods, a Berkeley, CA-based food technology startup, launched its first food product in 2019 – vegan bacon made with seaweed-based protein.
The company’s purified protein extract is sourced from ocean seaweed, which is far more sustainable than traditional protein sources.
Umaro bacon is available in select restaurants such as Sorrel in San Francisco, Egg Shop in New York, and D’Andrews Bakery in Nashville.
It contains less fat and cholesterol than pork bacon and is a great option for offering vegan breakfast or meatless sandwiches. A five-pound case of Umaro bacon containing 255 slices can be purchased for $79.99 via WebstaurantStore.
Umaro Foods was founded by Beth Zotter and Amanda Stiles. The company attracted the attention of Mark Cuban on Shark Tank and received a $1 million investment from him.
The co-founders’ forward-thinking company offers sustainable options to menus without compromising on flavor and texture.
How Does Umaro Bacon Works?
Umaro Foods is a plant-based vegan bacon food company that sources its protein from ocean-farmed seaweed. The seaweed is the key ingredient that makes Umaro’s bacon authentic, and it is what sets it apart from other plant-based bacon alternatives.
The company partnered with the food innovation lab at Oregon State University to come up with the recipe for the new product. The recipe contains red seaweed, chickpeas, coconut, and sunflower oil, plus seasonings and other plant-based ingredients.
Umaro bacon is made with protein from red seaweed, which is a new take on an ancient food source.
Umaro bacon is crispy, fatty, and satisfying, just like traditional bacon. It can be eaten in any form, chewy or crispy, and it tastes very similar to bacon, making it a cruelty-free treat for all vegans. The umami bacon has a cured taste just like regular bacon, and seaweed has a slightly salty taste.
Umaro bacon is a good alternative for anyone looking to move away from animal meat and find an environmentally friendly alternative. It is also a great option for vegans to get their daily protein and fat content as it contains similar nutrients to actual bacon.
Umaro Foods launched the vegan bacon in the spring of 2022, and it is now available wholesale and in select restaurants. The company’s goal is to provide a healthier and more sustainable alternative to traditional bacon while still delivering the same taste and texture that people love.
Umaro bacon is the only plant-based meat option that makes use of seaweed.
What Is The Current Valuation Of Umaro Bacon?
Umaro Foods is a plant-based vegan bacon development company that appeared on Shark Tank Season 13 Episode 18. The company’s founders, Beth Zotter and Amanda Stiles, asked for $500,000 in exchange for 2% equity ($25 million valuation) .
As of 2022, Umaro Foods’ net worth was estimated to be around $7 million. However, the company raised $3 million in funding in January 2022, and its net worth depends on its valuation. Umaro Foods’ net worth was estimated to be around $14 million in 2023.
Umaro Foods’ bacon alternative is made out of protein derived from ocean seaweed, which is far more sustainable than traditional protein sources. The company launched in 2018 and received a $3 million investment from Clear Current Capital in early 2022.
As of March 2023, Umaro Bacon seems to still be in business but only seems to be taking commercial orders on their website and might be further developing their product.
What Happened To Umaro Bacon At The Shark Tank?
Umaro Foods is a restaurant chain that makes plant-based vegan bacon food, which appeared in Shark Tank Season 13 Episode 18.
The founders of Umaro Foods, Beth Zotter and Amanda Stiles, asked for $500,000 in exchange for 2% equity. They explained their product to the Sharks. However, Robert Herjavec and Emma Grede did not agree to this deal.
Kevin O’Leary offered to invest $500,000 for an 8% share, but when the co-founders countered with a request for $1 million for a higher percentage share, Mark Cuban jumped in with an offer.
Although Lori Greiner also made an investment offer of $500,000 for a 4% stake, Umaro ultimately settled with Cuban and negotiated down to a 7% share for $1 million.
What Happened To Umaro Bacon After The Shark Tank?
Umaro Foods is a restaurant chain that makes plant-based vegan bacon food, which appeared in Shark Tank Season 13 Episode 18. After pitching on the show, Umaro Foods secured a deal with Mark Cuban for $1 million for 7% equity.
According to Vegconomist, Umaro Foods secured an additional $3 million in investments from several sources with the help of venture capital firm AgFunder. A September 2022 press release revealed that NBA superstar Chris Paul also invested in the company.
Umaro’s bacon alternative is made out of protein derived from ocean seaweed, which is far more sustainable than traditional protein sources. The company launched in 2018 and got a $3 million investment from Clear Current Capital in early 2022.
As of March 2023, Umaro Bacon seems to still be in business but only seems to be taking commercial orders on their website and might be further developing their product.
Is Umaro Bacon Still In Business?
Yes, Umaro Bacon is still in business as of March 2023. According to the Umaro Foods website, their seaweed-based bacon is available in nine restaurants across the United States and they are working on releasing it to the general public.
The company has also secured additional investments from several sources with the help of venture capital firm AgFunder and NBA superstar Chris Paul has invested in the company.
However, it seems that Umaro Bacon is only taking commercial orders on their website and might be further developing their product.
Where Is Umaro Foods Located?
Umaro Foods is a food start-up company located in Albany, California. Founded in 2018, Umaro Foods specializes in plant-based and gluten-free foods that are sustainable and nutrient dense.
The company has created a line of products ranging from meals to snacks that provide customers with the tastes they crave while being healthy and convenient.
All of their products are crafted locally using organic ingredients sourced from farms across the US, ensuring freshness and quality.
Umaro Foods is dedicated to providing its customers with vegan, gluten-free, organic foods that taste amazing without compromising nutrition or sustainability.
