Milk Moovement a Halifax, NS-based dairy supply chain management platform that connects all dairy supply chain players, announced that it closed $20 million in Series A funding.
The round was led by VMG Catalyst, the venture capital firm that invests in the technology powering the next generation of retail and consumer businesses. Ecolab and existing investors Bread and Butter, Richard Cargill, Volta, SOSV, Techstars, Matchstick Ventures, and Dynamo Ventures also participated.
The new funding will help accelerate product development and adoption of Milk Moovement among leading dairy businesses in North America.
These funds will be used to continue building the best dairy supply chain software in the world, partnering with its current customers for feedback.
Company: Milk Moovement, Inc.
Raised: $20.0M
Round: Series A
Funding Month: July 2022
Lead Investors: VMG Catalyst
Additional Investors: Ecolab, Bread and Butter, Richard Cargill, Volta, SOSV, Techstars, Matchstick Ventures, and Dynamo Ventures
Company Website: https://www.milkmoovement.com/
Software Category: Dairy Supply Chain
About the Company: Founded in 2018 by Jon King and Robert Forsythe, Milk Moovement is a rapidly expanding dairy SaaS company. Milk Moovement is currently in a period of tremendous growth with established clients across Canada, the US, and Australia. Its mission is to get the right milk to the right place at the right time using its proprietary software that tracks all milk shipments and delivers real-time quality and quantity information to all dairy stakeholders. Milk Moovement believes in data-driven food supply chains that can feed generations to come. Milk Moovement currently has a network of 2,500 dairy farms and over 5,000 users including those from global Fortune 100 CPG companies.
Source: https://blog.milkmoovement.com/news/announcing-our-20m-series-a-funding