Dairy-free beverage startup Mooala secures $8.3 million in funding
Mooala, a maker of premium, organic, dairy-free beverages and creamers, has completed a $8.3 million series A equity financing.
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.
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