← Retour aux projets
Onima — From Waste to Wonder
LI
Lita Business lending Financé
Ce projet est clôturé. L'analyse ci-dessous reflète les informations disponibles au moment de la souscription et n'a pas été mise à jour.

Onima — From Waste to Wonder

Fragile
44
score / 100
Min. ticket
—
Amount raised
4 M€
Invest →
À propos

Onima is a deeptech startup founded in 2021 that develops a patented de-bittering process for brewer's yeast to make it a super food ingredient rich in proteins. The company is raising over €4M in equity to industrialise its production and reach 5 000 tonnes/year by 2029. The operation is at TRL-6/7 stage, with 10+ LOIs signed and an AB InBev supply contract.

Plateforme · 19.0/25
A1 · Statut réglementaire 8.0/8✓ max
  • agrément AMF licence AMF fonds propres-2023-27 obtained on 10/11/2023, currently valid
  • Maximum score
A2 · Track Record 3.0/6
  • Default 7.05% → 3pts (threshold 3-7%)
  • Delay >6 months 17.91% → 3pts (threshold 15-30%)
  • Net yield 5.14% vs announced 7-10%: shortfall 1.86pp below lower bound → 3pts
  • A2 = (3×0.5)+(3×0.3)+(3×0.2) = 3.0/6
A3 · Rigueur de sélection 3.0/4bon
  • Published selection rate at ~5% (<20%), precise figure provided (fewer than 200 of 3500 applications)
  • Process description partial, without committee detail or documented borrower KYC
A4 · Santé financière 3.0/4bon
  • Independent platform operating in France, Belgium and Italy, active since ~2014 (>5 years)
  • No platform distress signal identified
  • No known institutional shareholder
A5 · Protection investisseurs 2.0/3
  • agrément AMF licence → 1pt reflection period 4 days + continuity plan (mandatory)
  • Segregated accounts presumed compliant with ECSP regulation → 1pt
  • No secondary market mentioned → 0pt
Projet · 25.0/75 (30.0 brut, red flags −5)
B1 · Instrument & Structure 3.0/10faible
B1.1: 1/5 - equity instrument/warrant not documented precisely
B1.2: 1/3 - direct issuer not dedicated société dédiée (SPV), rights poorly documented
B1.3: 1/2 - ranking not established, no known senior debt
B2 · Opérateur & Track record 8.0/15
B2.1: 3/4 - CEO Juan Londoño and CTO Mathieu Durand appointed, functions specified
B2.2: 2/5 - startup created 2021, first industrial fundraising, deep-tech agri sector
B2.3: 1/3 - first platform operation, reputation not verifiable
B2.4: 2/3 - no proceedings identified, startup financial statements not provided
B3 · Garanties & Sûretés 0.0/15faible
B3.1: 0/9 - equity investment, no real security or collateral of any type
B3.2: 0/4 - no guarantor identified
B3.3: 0/2 - no banking partner mentioned for this fundraising
B4 · Structure financière 8.0/15
B4.1: 3/5 - taux de couverture de la dette not calculable, contractualised revenues limited (€100k year 1), TRL-6
B4.2: 2/4 - BPI contribution €1.8M secured plus prior equity €2M, moderate own leverage
B4.3: 1/4 - no documented stress test, forecast revenues uncertain
B4.4: 2/2 - target gross margin 55%+, consistent for specialty flour
B5 · Pré-commercialisation 6.0/10
  • SME-NBFI: portfolio 10+ LOIs signed, 3 offtakes contractualised (AB InBev, ChinaBase, Eni/Romito)
  • Correct diversification, partial commercial history (<2 years sales)
B6 · Permis & Maturité 3.0/5
  • Activity established since 2021, patent filed, legal structure documented
  • Active pilot production (TRL-6, 100kg batch)
  • Documents to be completed for industrial phase
B7 · Marché & Localisation 2.0/3
  • Alternative proteins market valued at $166bn by 2030, documented growth
  • Differentiating positioning (patented de-bittering)
  • Established plant protein competition limits score
⚠ Alertes détectées · −5 pts déduits
Aucune garantie réelle sur ce projet −5 pts

No real or personal security on equity fundraising >€500K - equity investment without collateral of any type

Points forts
✓Patent filed on unique de-bittering process, validated at 100kg scale.
✓10+ LOIs and 3 offtakes signed with reference players (Barilla, AB InBev, Cargill).
✓BPI subsidy secured €1.8M reduces dilution requirement.
✓Target gross margin 55%+ consistent for specialty B2B flour.
✓Complementary team with ex-COMEX Lesaffre advisor, proven sector expertise.
Risques identifiés
!Equity investment without any real security: risk of total loss of capital.
!TRL-6 stage: industrial scale-up not yet demonstrated, high execution risk.
!Contractualised revenues limited (€100k year 1) against funding requirement of €4M+.
!Absence of financial data (balance sheet, income statement) in file provided.
!Financial instrument (equity/warrant) and valuation not specified in transmitted document.
Score card
Score card — Onima — From Waste to Wonder
↓ Download
Voir toute l'analyse Lita →
Autres projets sur Lita
mylight Energy — Obligations 9% / 3 ans Business lending 67/100 Mk2 Cinemas Business lending 57/100 La Solive Business lending 57/100 Sofica COFINOVA 24 Equity investment 55/100
⚠ Avertissement sur les risques

Investir en crowdfunding comporte un risque de perte partielle ou totale du capital, ainsi qu'un risque d'illiquidité. Selon le baromètre France FinTech / Forvis Mazars 2025, 25 à 30 % des projets accusent un retard de plus de 6 mois et 4 à 6 % entraînent une perte définitive. Ne placez jamais plus de 5 à 10 % de votre patrimoine en crowdfunding et diversifiez sur au moins 10 projets. CrowdPickr est un service d'information indépendant, non agréé en tant que conseiller en investissement. Les analyses présentées ne constituent pas un conseil en investissement personnalisé.