Yume Procurement logo — Reduce food waste and turn write-offs into revenue with Aust...

Yume Procurement

Reduce food waste and turn write-offs into revenue with Australia’s #1 platform for surplus food management.

Founded 2015 5 employees Acquired Total: $4.60M Food and Beverage, Marketplaces +1

General Information

Company Name Yume Procurement
Founded Year 2015
Employees 5
Industries Food and Beverage, Marketplaces, Mobile
Funding Stage Acquired
Business Model B2B, Marketplace, SaaS
Revenue Model Marketplace Fee, Subscription, Transaction Fee
Social

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About Yume Procurement

Yume Procurement is pioneering the reduction of food waste through technology with its slogan, "Reduce food waste and turn write-offs into revenue with Australia’s #1 platform for surplus food management." Founded in 2015 by Katy Barfield (OAM), the former founding CEO of SecondBite, the company offers a comprehensive solution for managing surplus food inventory.

Yume serves as a digital platform for food manufacturers, streamlining the management of surplus products through automation. The platform caters to leading companies like Unilever, Mars Food, and General Mills, effectively digitizing historically manual processes to enhance revenue and diminish waste. This initiative not only generates profit from clearance, out-of-spec, or mislabelled products but also supports charitable donations.

With its foundation supported by the Atlassian Foundation, Yume Procurement is positioned as a transformative force in the Food and Beverage sector. Their latest acquisition investment on 01 March 2026 foresees continued growth and investor interest in sustainable food management solutions.

Business keywords: surplus food management, food waste reduction, technology platform, food industry innovation, B2B marketplace, automated sales workflows, food donation, food manufacturers, excess inventory solutions, FMCG supply chain, sustainable food solutions, discounted food purchasing, renewable revenue streams

Services & Products

Automated surplus food management
Sales and donation workflow automation
Excess inventory monetization
Charitable donation facilitation

Target Customers

Food manufacturers Retail buyers Charitable organizations Sustainability-focused companies

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Acquisition Undisclosed -
01 Mar 2026
Seed $2.00M 1
Investible
01 Jan 2024
Seed $2.60M 2
Impact Generation Partners, Silver Chef
01 Feb 2017

Yume Procurement Alternatives & Competitors

View All Alternatives
Yume Procurement vs
Munch.hu
Munch.hu Hungary

Munch is a platform where restaurants, bakeries, supermarkets, hotels and other stores can sell thei...

Series A
93 employees
E-Commerce, Food Delivery
Yume Procurement vs
FoodMesh
FoodMesh Canada

Helping organizations reduce food waste, and feed more.

Non Equity Assistance
17 employees
E-Commerce, Food and Beverage
Yume Procurement vs
COGZ
COGZ United Kingdom

The future of food is not wasting it.

2-10 employees
B2B, E-Commerce

FAQ About Yume Procurement

Reduce food waste and turn write-offs into revenue with Australia’s #1 platform for surplus food management.
Yume Procurement was founded in 2015.
Yume Procurement operates in Food and Beverage, Marketplaces and Mobile. Its work centres on surplus food management, food waste reduction, technology platform and food industry innovation. Its customers include Food manufacturers, Retail buyers and Charitable organizations.
Yume Procurement has a B2B, Marketplace and SaaS business model. Its revenue comes from Marketplace Fee, Subscription and Transaction Fee.
Yume Procurement has approximately 5 employees.
Yume Procurement has completed 3 funding rounds, raising a total of $4.60M. The latest funding stage is Acquired.
Yume Procurement offers: Automated surplus food management, Sales and donation workflow automation, Excess inventory monetization, Charitable donation facilitation.
Top alternatives and competitors to Yume Procurement include Munch.hu, FoodMesh, COGZ, Full Harvest, B4Waste. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Yume Procurement and Munch.hu are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Yume Procurement, https://bouncewatch.com/company/yume-food-australia, updated 30 April 2026. When citing, please name BounceWatch and link this page.

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