Nounós Creamery, Southampton, N.Y., closed a funding round led by AccelFoods, New York.
The new funds will accelerate Nounós Creamery’s growth by allowing the brand to acquire key hires, amplify marketing support to bolster consumer awareness and increase R&D support for new product innovation. Funding will also allow for capacity expansion on both the production and distributor sides.
Joining AccelFoods in this financing are industry veterans David Wilson, founding investor of Siggi’s Dairy, New York, and current Nounós Creamery board member Luciana Nuñez.
“We are excited to be working with a team of investors, board members, new hires and partners that understand Nounós Creamery’s vision of what a Mediterranean premium yogurt should be. With their support, Nounós Creamery will turn the dairy industry on its head and innovate to new levels while spreading our hand-crafted creations throughout the U.S.,” says Steven Ioannou, co-founder.
“These developments will allow Nounós Creamery to wow even more consumers through inventive, game-changing flavors and products,” says John Belesis, co-founder. “We plan for Nounós Creamery to become a staple in refrigerators across the country, and these funds will positively impact our ability to connect with fans in a meaningful way.”
“Utilizing a heritage cheesecloth-strained technique and environmentally friendly glass packaging, Nounós Creamery is offering a fresh and unprecedented take on yogurt in the U.S.,” says Lauren Jupiter, managing partner of AccelFoods. “John and Steve are uniquely capable of bringing scale and efficiency to a craft-style product that is sure to disrupt the dairy aisle.”
“I am glad to invest in and be a part of Nounós Creamery’s journey as a brand that embodies the outstanding product experience, quality and sustainability that truly speak to the Millennial consumer, and are driving growth in a category estimated to reach $9.8 billion by 2022,” adds Nuñez.