Food redistribution platform, Yume Food Australia, has been acquired by Procurement Australia, after the company went into liquidation last November. The technology will now be re-established and operated under Procurement Australia’s ownership.
Yume stated the acquisition was related solely to the Yume platform and its underlying technology, data assets, and platform capabilities. Procurement Australia has not acquired the former Yume operating business or any historical trading liabilities.
“As we move into this next phase, Yume remains focused on helping organisations manage surplus stock more effectively while ensuring continuity for partners and building a stronger and more resilient platform for the future,” the company stated.
“We’re excited about what’s ahead and look forward to reconnecting with suppliers and buyers to understand current priorities and explore how the platform can continue to deliver value. We welcome you to connect with us as we shape the next chapter of Yume. Further updates will be shared soon.”
Yume went into liquidation in November 2025 after a decade of work reducing food waste – in partnership with companies including Sodexo, Unilever, Kellogg’s, Suez, and SecondBite.
Since it was founded in 2015, Yume has returned $30 million to Australian businesses and manufacturers and redistributed 11.5 million kilograms of quality food, avoiding 44 million kilograms of CO2 emissions and saving 2.5 billion litres of embedded water by reducing food waste.
The company operated as a digital trading platform, enabling major food manufacturers to sell surplus products, and generating additional revenue whilst reducing food disposal, and streamlining the process for donating unsold food to relief organisations. Yume collaborated with the Victorian government, Unilever, Mars Food, and General Mills in 2021 to update its platform, developing an Australian-first technology to tackle commercial food waste.
The federal government awarded Yume $366,000 in 2023 to support expansion of the platform, and the company raised $2 million in a seed funding round in January 2024, bringing its total capital raise to $7 million at the time.
The company used its platform to spread awareness and share strategies for tackling sustainability challenges and reducing food waste, including with an appearance from founder and CEO, Katy Barfield, on the Food & Drink Business podcast in September 2024.
