Mooala, a Dallas, Tex.-based maker of premium, organic, dairy-free beverages and creamers, completed an $8.3m Series A equity financing.
Sweat Equities led the round, which brought total funding since launch to over $13m, with participation from several investment firms and family offices, including seed lead investor M3 Ventures.
The company intends to use the funds to enter new markets, accelerate product development and bolster the internal team.
Led by Jeff Richards, CEO and founder, Mooala is a maker of premium, organic, dairy-free beverages made from real ingredients. Since its founding in 2016, the company offers a suite of USDA-certified organic, dairy-free beverages, including the Original Bananamilk variety, an organic, nut-free, dairy-free, and soy-free Bananamilk.
Mooala is now sold in over 2,500 stores nationwide, including Whole Foods, Safeway, Kroger, Wegmans and Costco, and will increase its footprint to 3,500 stores in January 2020.