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.
Mooala, a maker of premium, organic, dairy-free beverages and creamers, has completed a $8.3 million series A equity financing.
The Foremost Farms USA board of directors has announced that Greg Schlafer will join the dairy cooperative as president and CEO on Dec. 2, 2019.
On World Food Day October 22 at the United Nations’ Food and Agriculture Organization in Rome, UAE (United Arab Emirates) Minister of State for Food Security Mariam bint Mohammed Saeed Hareb Almheiri revealed plans by the UAE government to find innovative solutions across the food value chain through an open call for submissions to the “FoodTech Challenge.”
A diet high in fiber and yogurt may reduce the risk for lung cancer, according to a study published in JAMA Oncology.
Diets high in dairy products such as milk and cheese appear to be associated with an increased risk of prostate cancer, according to an article that appears in the November issue of The Journal of the American Osteopathic Association.