Mooala, a maker of premium, organic, dairy-free beverages and creamers, has completed a $8.3 million series A equity financing. Sweat Equities, an investment firm specializing in the food, beverage, and consumer goods sector, led the financing round, which brings Mooala’s total funding since launch to over $13 million and will support the company’s emergence into new markets, help accelerate product development, and bolster the internal team.
The funding builds on a successful year for Mooala, which expects to double net sales versus 2018. Best known for its plant-based Bananamilk, Mooala is now sold in more than 2,500 U.S. stores and will increase its footprint to 3,500 stores in January 2020.
The World Food Prize Foundation has named Barbara Stinson as president of the organization, effective Jan. 4, 2020.
Cargill has opened a Culinary Experience Hub in its R&D site in Vilvoorde, Belgium, to better serve its customers across the EMEA (Europe, Middle East, and Africa) region.
Mooala, a maker of premium, organic, dairy-free beverages and creamers, has completed a $8.3 million series A equity financing.
Stevia-based sweetener company SweeGen has announced that the European Food Safety Authority (EFSA) food additive and flavoring panel found no safety concerns for its bioconverted rebaudioside M (reb M) stevia leaf sweetener.
According to Reuters, African swine fever will spread further across Asia where it has devastated herds, and no country is immune from being hit by the deadly animal virus, the head of the World Organization for Animal Health (OIE) said on October 30.