AUSTIN, TEXAS — MALK Organics, a maker of dairy alternatives, has raised more than $9 million in Series B funding led by Benvolio Group and Rotor Capital.
Founded in 2015, MALK Organics offers a line of organic plant milks formulated with three to five simple ingredients and no glyphosates, gums, fillers or oils. Offerings include unsweetened almond, vanilla almond, original oat, vanilla oat and chocolate oat. The products are sold at Whole Foods Market, Sprouts Farmers Market, Fresh Thyme and hundreds of other stores across the country.
“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 Benvolio Group.
Proceeds from the funding round will be used to support continued retail expansion, increased marketing efforts and hiring new team members.
“We are very pleased to announce this round of funding from our valued partners at Benvolio, Rotor and more, which will help us continue to emerge as a leading organic plant-based milk brand,” said Jason Bronstad, chief executive officer of MALK Organics. “We have bold plans for MALK and are eager to build on the momentum we have garnered thus far as we continue to bring the cleanest milk alternative on the market to households throughout the country.”