Paris-based alt meat firm SWAP Food (formerly UMIAMI) has been placed into judicial liquidation and ceased activities today (June 15) according to emails sent to industry stakeholders this week.
The firm, which was founded in 2020 and has secured more than €100 million ($116 million) in debt and equity from backers including The Sociétés de Projets Industriels (SPI) fund and Astanor Ventures, explained: “We regretfully inform you that UMIAMI, the parent company of UMIAMI USA Inc (dba SWAP Food), was placed into judicial liquidation by judgment of the Paris Economic Activities Court on June 10, 2026.
“We therefore wish to inform you that UMIAMI has ceased its activities on June 15.”
As part of the judicial…