In recent weeks Impossible Foods has begun retail in an extra 3,300 stores in the US. The company reports that its grocery store footprint has increased more than 60X in 2020 alone and that retail sales have more than doubled every month since April this year.
MALK Raises $9M in Series B to Become “Cleanest Premium Organic’’ Plant-Based Milk
Plant milk brand MALK Organics reveals it has raised $9M in Series B funding in a round led by investors Benvolio Group and Rotor Capital. The raise brings the company’s total funding to date to $17M. Aiming to become the “cleanest premium organic” dairy-free milk on the market, MALK plans to hire additional executives and increase its marketing spend as it prepares for a new chocolate almond milk and upcoming Publix launch, reports Forbes. “We are extremely bullish about MALK’s growth prospects, because not only is the product highly differentiated in a growing on-trend category, but the seasoned team in place has delivered exceptional results in 2022 and has a strong plan to accelerate future revenue and achieve profitability,” said Sam Frankfort, Managing Partner of …
