Unione Food Group

Unione Food Group

A foodtech supply chain platform.

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DateInvestorsAmountRound
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CAD10.0m

Valuation: CAD60.0m

Series A
Total Funding000k
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Unione Food Group, operating as UNI-ONE, is a technology-driven food supply chain platform established in Vancouver, Canada, in 2017. The company was co-founded by Neil Gu, who serves as the CEO, along with individuals named Men and Wang. Gu, a CFA charterholder, brings a background in finance and sales to the venture, complemented by his co-founders' respective experience in agriculture, warehouse management, and research. Their collective aim is to modernize the North American food supply chain, an industry they identified as being slow to adopt new technologies.

The company's core business revolves around a B2B platform that simplifies procurement for restaurants, grocers, and wholesalers. Clients primarily include businesses specializing in Asian cuisines, which constitute about 90% of its restaurant clientele, as well as major grocery chains like T&T Supermarket, H-Mart, Loblaws, and Walmart. Unione's business model addresses the fragmentation in the market, particularly for ethnic food ingredients, by providing a one-stop-shop. This is accomplished through a proprietary technology platform that integrates procurement, importation, smart warehousing, and logistics, all managed via a merchant-facing mobile application. This system allows clients to browse a wide array of products, place orders, and track expenses efficiently.

Unione differentiates itself from larger competitors by focusing on the niche market of Asian food products, offering a specialized and extensive range of items that larger, more "cookie-cutter" distributors may not carry. The product catalog is extensive, featuring meat, poultry, seafood, produce, beverages, condiments, and restaurant supplies. The company operates a sophisticated logistics network with over 100,000 square feet of warehouse space, including dry, refrigerated, and frozen storage, and a dedicated fleet of 22 trucks across major Canadian cities to ensure fresh, timely deliveries. The company generates revenue through the sale and distribution of these food products, reporting approximately $100 million in annual sales. After several funding rounds, including a $10 million financing in August 2024, Unione is pursuing expansion into the United States and considering acquisitions in Calgary and Montreal.

Keywords: food supply chain, B2B food platform, FoodTech, e-commerce, Asian food distribution, restaurant procurement, grocery supply, wholesale food, supply chain technology, logistics management, cold chain logistics, food procurement app, Neil Gu, Canadian food supplier, North American expansion, ethnic food ingredients, smart warehousing, food distribution platform, Vancouver startup, food service distribution

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