The Dairy Drink Revolution: Slate Milk’s $23M Push
Sourse: dairynews.today
Slate Milk has successfully raised a Series B funding round amounting to $23 million, ushering in significant expansion plans for the brand.
Led by Foundership, a fund with substantial experience in the modern dairy sector, this infusion of capital will enable Slate Milk to expand its distribution network to aim for 100,000 points in 20,000 stores by the close of 2025.
The company is set to introduce a variety of new products, including a 20-gram protein Strawberry milk and 30-gram protein Cookies & Cream and Salted Caramel flavors, along with 'Ultra' options boasting 42 grams of protein. This development underscores the growing demand for innovative dairy products that bridge traditional and contemporary consumer preferences. The burgeoning lactose-free segment, which has grown by 15% last year, contrasts with the stagnation and decline of the alternative milk market composed of almond milk, underscoring a shift towards nutritionally robust and versatile dairy solutions.
Slate’s ultra-filtered milk, removing lactose and sugar while retaining essential nutrients, is a standout in this space, appealing even to lactose-intolerant consumers seeking real dairy benefits. The strategic thrust positions Slate as a central player in the evolving dairy economics, as they cater to a dynamic consumer base while attracting strong investor interest, suggesting a promising future for the dairy sector.
The company is set to introduce a variety of new products, including a 20-gram protein Strawberry milk and 30-gram protein Cookies & Cream and Salted Caramel flavors, along with 'Ultra' options boasting 42 grams of protein. This development underscores the growing demand for innovative dairy products that bridge traditional and contemporary consumer preferences. The burgeoning lactose-free segment, which has grown by 15% last year, contrasts with the stagnation and decline of the alternative milk market composed of almond milk, underscoring a shift towards nutritionally robust and versatile dairy solutions.
Slate’s ultra-filtered milk, removing lactose and sugar while retaining essential nutrients, is a standout in this space, appealing even to lactose-intolerant consumers seeking real dairy benefits. The strategic thrust positions Slate as a central player in the evolving dairy economics, as they cater to a dynamic consumer base while attracting strong investor interest, suggesting a promising future for the dairy sector.
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