NadaMoo!, an Austin TX-based dairy-free ice cream maker, raised $10M in Series B funding.
The round was led by District Ventures Capital and InvestEco with participation from Killam Investments.
The company intends to use the funds to continue brand building and distribution expansion by focusing on increased marketing initiative support and product development.
Led by Daniel Nicholson, CEO, NadaMoo! provides a dairy-free ice cream, made with sustainably sourced and certified organic, vegan, gluten-free, and non-GMO ingredients. The minority business enterprise and B-Corp NadaMoo! brand launched in Whole Foods Market in 2005. After expanding nationally with their initial retail partner, they completed a $4 million Series A financing round in 2017. Today, the company offers more than 20 different flavors with nationwide distribution and a flagship Scoop Shop in Austin, Texas.
FinSMEs
08/12/2021