Uobo

Uobo, based in Spain, specializes in creating plant-based egg alternatives, addressing the rising demand for sustainable food solutions with its innovative liquid egg substitute for health-conscious consumers and those with dietary restrictions. Founded in 2021 in Barcelona, Spain, Uobo Plant Based S. L. focuses on the development of plant-based food products.

The company has completed three deals to date, with the most recent funding round, a Seed round, occurring on October 2, 2024, where they raised EUR 500,000 led by Enzo Ventures. The founders, Narcis Morera and Sergi M, aim to leverage their expertise in the food sector to drive the company's growth. Uobo specializes in producing 100% plant-based egg alternatives, positioning itself as an innovator in the food sector with its flagship product being the first liquid egg substitute in Europe. This caters to a diverse consumer base, including health-conscious individuals, vegans, and those with dietary restrictions.

Uobo's products are marketed across Spain and other European markets, appealing to both retail consumers and food service providers looking to enhance vegetarian and vegan options. The brand emphasizes versatility in culinary applications, catering to home cooks and professional chefs alike. In the most recent financial year of 2023, Uobo generated revenue of EUR 78. 8 mn, with an EBITDA of EUR -92,442.

Following their Seed funding round in October 2024, Uobo plans to utilize the EUR 500,000 raised to enhance its research and development capabilities, operational efficiency, and to create new products. The company is targeting expansion into new markets across Europe, with specific geographic regions under consideration for future growth initiatives.