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 Symrise Flavor North America team annually conducts extensive research, including interviews with trendspotting chefs and bartenders around the world, to identify top trends affecting the industry.
Prinova has partnered with Agrumaria Reggina, a citrus-based essential oils and juice manufacturer in Italy, to be the exclusive distributor of essential oils in the United States, Canada, Mexico, Australia, Southeast Asia, and the Asia Pacific.
National Flavors Co., a Michigan-based producer of flavors and extracts, has announced that Brian Briggs has been named chief executive officer, effective April 2, 2020.
Bühler and Givaudan are partnering to build an innovation center dedicated to plant-based food in Singapore, which will open later this year.
A new report from Innova Market Insights shows that interest in novelty and variety is also high, with three-quarters of global consumers saying they “love to discover new flavors.”
WNYIFT Food Industry Expo (RESCHEDULED TO OCTOBER 8)
Rochester, New York, United States