Austin, TX—NadaMoo, creators of dairy-free ice cream, has announced the close of its Series B funding round, having raised a total of nearly $10m.
The funding was led by existing capital partners District Ventures Capital and InvestEco, and a new partner Killam Investments.
“We love NadaMoo! and their vision for sustainable plant-based food and see this as a way to gain entry into and support the plant-based movement,” said Cliffe Killam, President of Killam Investments, in the press release. “Having tried all the options out there, NadaMoo! is the most delicious ‘better for you’ pint on the market.”
B-Corp NadaMoo offers more than 20 different flavors, with nationwide distribution and a flagship Scoop Shop in Austin, Texas. With the latest round of funding, the company plans to continue brand building and distribution expansion, by focusing on increased marketing initiative support and product development.
“This round of funding will help us continue to drive the NadaMoo! brand for the benefit of our customers and the planet,” said Daniel Nicholson, CEO of NadaMoo, in the press release. “It’s encouraging to see Texas-based family offices like Killam Investments diversifying into sustainable industries like plant-based food to ensure our acceleration toward a more sustainable planet. Beyond being the right thing to do, this raise underscores the fact that investing in businesses that put people, planet, and purpose before profit has the potential for a strong return. Consumers purchase decisions are increasingly more discerning on behalf of the planet, and the markets are following. We appreciate the loyalty and support of our incredible customers, and we will continue to work hard to deliver the best dairy-free ice cream experience for you as we grow. We look forward to having a larger, more positive impact on the planet to ensure we are a part of the solution.”