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.
Tyson Foods has created the Coalition for Global Protein, a multi-stakeholder initiative to “advance the future of sustainable protein.”
In a public letter, Starbucks CEO Kevin Johnson announced a multi-decade commitment to be a “resource-positive company.” The coffee giant’s goal is to store more carbon than it emits, eliminate waste, and provide more clean, freshwater than it uses.
Nestlé has announced it is launching plant-based sausages in Europe and the United States in the coming months. In other news, Nestlé announced that it will invest up to CHF 2 billion (approximately $2.1 billion) to lead the shift from virgin plastics to food-grade recycled plastics and to accelerate the development of innovative sustainable packaging solutions.
PepsiCo has announced plans to achieve 100% renewable electricity for its U.S. direct operations this year. The United States is the food and beverage company’s largest market and accounts for nearly half of its total global electricity consumption.
KIND Healthy Snacks has adopted nutrition research led by the U.S. Department of Agriculture’s Agricultural Research Service (USDA ARS), which found that whole nuts, such as almonds and cashews, contribute 19% and 16% fewer calories, respectively, than previously thought.