UMARO Bacon - Shark Tank Update

Bacon made from seaweed

Published

Season 13, Episode 18 Founded by Beth Zotter and Amanda Stiles In Business

UMARO Bacon Details

Shark Tank Episode Details

Founders Beth Zotter and Amanda Stiles
Air Date 2022-04-01
Season & Episode Season 13, Episode 18
Initial Ask $500K for 2.0% equity
Deal Details Got deal: $1.0M for 7.0% equity from Mark Cuban
Estimated Yearly Revenue Unknown
Estimated Net Worth (4x estimated revenue) Unknown

The Shark Tank Pitch

Environmental innovators Beth Zotter and Amanda Stiles pioneered the first seaweed-based bacon alternative by recognizing that plant-based protein innovation needed to move beyond traditional soy and wheat ingredients toward more sustainable marine-based solutions that could replicate the taste, texture, and cooking experience of traditional bacon. Their groundbreaking approach utilizes red seaweed as the primary ingredient, creating a vegan bacon that achieves the crucial crispiness factor that previous plant-based alternatives had failed to deliver while addressing environmental concerns about traditional livestock farming and the carbon footprint of conventional protein production.

Beth and Amanda's scientific background enabled them to develop proprietary processing techniques that transform seaweed into bacon-like strips that can be prepared using standard cooking methods while providing superior nutritional benefits including natural umami flavors and marine-derived nutrients that are typically absent from land-based protein alternatives. When they entered Shark Tank seeking $500,000 for 2% equity at a remarkable $25 million valuation, they presented a prototype product that had secured food service partnerships despite having no retail sales yet, demonstrating confidence in their revolutionary approach to sustainable protein innovation that could potentially transform the entire plant-based meat industry.

Where Are They Now?

The transformative partnership with Mark Cuban, who invested $1 million for 7% equity after being impressed by the innovative use of seaweed technology and the massive market potential for sustainable protein alternatives, has enabled UMARO to successfully transition from prototype to commercial production with their bacon now available in restaurants nationwide. Mark's investment provided not only capital but also validation for UMARO's vision of seaweed as the next frontier in sustainable food production, helping the company navigate the complex challenges of scaling food manufacturing while maintaining product quality and consistency.

We found that UMARO has successfully launched their seaweed bacon in restaurant locations across the country, with their website featuring a restaurant locator that allows consumers to find nearby establishments serving their innovative plant-based bacon in various menu applications from sandwiches to breakfast plates. The company has also secured additional high-profile investor support, including NBA star and dedicated vegan Chris Paul, demonstrating that UMARO's approach to sustainable protein is attracting attention from both business leaders and celebrity advocates who recognize the potential for seaweed-based foods to address environmental and health concerns simultaneously.

With ambitious plans to establish sustainable seaweed farming operations off the coast of Maine in addition to their San Francisco-based sourcing, UMARO is positioning itself as a pioneer in the emerging marine agriculture industry while proving that the most innovative food solutions often come from reimagining traditional ingredients through cutting-edge food science and environmental sustainability principles.

Revenue

Unknown

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