$ 10 million for NadaMoo !, the Texas pioneer of dairy-free ice cream – vegconomist

NadaMoo! announces it has secured nearly $ 10 million in a Series B round. The Austin, Texas-based dairy-free ice cream pioneer plans to continue expanding its distribution, focusing on increased marketing and product development.

Founded in 2005, the founders began making small batches of coconut milk ice cream for friends and family and were first launched on the Whole Foods Market. After expanding nationwide with Whole Foods as a retail partner, the brand achieved a $ 4 million 2017 Series A Fundraising Round. Today the company produces over 20 flavors and is available across the United States and operates a flagship Scoop Shop in Austin.

NadaMoo!  founders
© NadaMoo!

NadaMoo! uses 100% sustainably sourced sugarcane packaging, as it was launched on its 15th anniversary last year. In addition, all ingredients are verified by the NonGMO project, processed without preservatives, artificial colors or flavors, and are certified plant-based and gluten-free.

The Series B cycle was led by existing capital partners, District Ventures Capital and InvestEco, and new partner Killam Investments, a South Texas family office based.

“This round of funding will help us continue to pilot the NadaMoo! brand for the benefit of our customers and the planet ”, said the CEO Daniel Nicholson. “It’s encouraging to see Texas-Family offices like Killam Investments are diversifying into sustainable industries like plant-based foods to ensure our acceleration towards a more sustainable planet.

NadaMoo!  Smores in supermarket
© NadaMoo!

“Beyond being the right thing to do, this increase underscores the fact that investing in companies that put people, planet and goal before profit has the potential for a big return. Consumers’ purchasing decisions are increasingly demanding on behalf of the planet, and the markets follow suit.

“We value the loyalty and support of our amazing customers, and we will continue to work hard to bring you the best dairy-free ice cream experience as we grow. We look forward to making a bigger and more positive impact on the planet to make sure we are part of the solution, ”he added.

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