Stellapps Secures $26 Million in Series C Funding to Propel Dairy-Tech Innovations
Funding Overview
Stellapps, a leading dairy-tech company, has successfully secured $26 million in a Series C funding round, comprising both equity and debt. Notable participants in this round include the Bill & Melinda Gates Foundation, IDH Farmfit Fund, and 500 Startups, alongside debt financing from the U.S. International Development Finance Corporation.
Investment Utilization
The funds acquired will significantly bolster the company's mooMark business, which specializes in contract manufacturing and private-label dairy products. The focus lies in producing products that are not only high-quality but also sustainable and traceable, demonstrating Stellapps' commitment to innovation in the dairy sector.
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