MooBella receives $25m in venture funds
MooBella LLC, a Taunton company that seeks to deploy an unusual method of making and selling ice cream, said today it has closed on a $25 million round of financing.
The financing was provided by W. Health L.P., a venture fund managed by Inventages Venture Capital Investment Inc., a venture capital and private equity firm with offices in Geneva, Auckland, and Nassau, MooBella said.
According to a Globe story from 2006, MooBella looks to deploy machines that are roughly the size of vending machines that can mix, aerate, and flash-freeze a frozen concoction into fresh ice cream in a matter of seconds.
MooBella said the financing will enable it to introduce its ice cream system to more locations.
Erich Sieber, an Inventages partner, is joining MooBella's board of directors, MooBella said.
