MooBella, a Taunton, MA.-based producer of “Make-Your-Own Instant Ice Cream Machines”, secured $18m in Series A funding from W. Health, a venture fund managed by Inventages.
The funding has allowed the company to move from the research and development phase to execute the initial market launch with the deployment of its first 100 commercial machines.
With the completion of this round, MooBella has transitioned its corporate structure from MooBella LLC to MooBella, Inc.
The company has developed a technology having the potential to enable instantaneous aeration, flavoring and freezing of ice cream into scoops of premium hard ice cream within seconds, and thereby eliminating the frozen supply chain.
Commenting on the round, MooBella’s President and Chief Executive Officer Bruce Ginsberg said: “By again joining forces with Inventages, a world-class and experienced investor, we have successfully completed an exhaustive development process and have positioned the company to begin a commercial launch later this year.
“Our immediate focus is to launch MooBella machines in 100 selective high traffic locations throughout New England within the next six months”.
“Our immediate focus is to launch MooBella machines in 100 selective high traffic locations throughout New England within the next six months”.
FinSMEs
18/09/2009