Mooala raises $5 million to expand distribution

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In Texas, Mooala, a producer of dairy-free beverages, raised $5 million of equity capital to facilitate the rapid expansion of Mooala throughout the Southwest, Midwest and Northeast U.S.

“We’ve been extremely pleased with the market’s response to our line of family-friendly, organic, plant-based beverages,” said Mooala Founder and CEO Jeff Richards. “Our hypoallergenic Bananamilk is a favorite not just in the natural channel, but also our best seller in conventional grocery chains.  This investment helps us ramp up production and expand our distribution network, making Mooala widely available to fans that have been requesting us for a long time.”

Mooala has earned kudos from Food & Wine, Popsugar, and The Motley Fool. Launched in late 2016, Mooala is sold in many retail locations including Whole Foods, Costco, Wegmans, Stop & Shop and Albertsons Safeway.  And, these new expansion plans along the Northeast coast will take Mooala to over 1,500 retailers.