Mooala secures $8.3M Series A financing round to accelerate new product development
The investment will support the company’s emergence into new markets, help accelerate product development and bolster the internal team.
Mooala, Dallas, Texas, completed an $8.3 million Series A equity financing led by Sweat Equities, LLC, Dallas, Texas, with participation from several investment firms and family offices, including Series Seed lead investor M3 Ventures, New York. The investment brings Mooala’s total funding since launch to over $13 million, and will support the company’s emergence into new markets, help accelerate product development and bolster the internal team.
“We were attracted to Mooala given its success rapidly disrupting the mainstream marketplace with best-in-class, organic, plant-based dairy alternatives,” says Charlie Sweat, managing partner of Sweat Equities. “We look forward to leveraging our operating experience as Mooala enters its next phase of growth.”
“We are thrilled to expand our relationship with Sweat Equities,” says Jeff Richards, founder and CEO of Mooala. “Charlie has been involved in the healthy food and beverage space for more than 20 years, and his firm brings tremendous operational and strategic expertise to our plant-based platform.”