Mooala, a Dallas, TX-based dairy-free beverage producer, raised $5m in equity funding.
The round was led by M3 Ventures and Sweat Equities.
The company intends to use the funds for the rapid expansion of the brand throughout the Southwest, Midwest and Northeast U.S.
brand and its organic, plant-based beverages throughout the United States
Led by Founder and CEO Jeff Richards, Mooala provides a suite of dairy-free beverage products, including Original Almondmilk, Vanilla Bean Almondmilk, Original Bananamilk and Chocolate Bananamilk.
Launched in late 2016, Mooala is currently sold in many retail locations including Whole Foods, Costco, Wegmans, Stop & Shop and Albertsons Safeway.