Prosperity Organic Foods Inc. (Boise, Idaho) has closed its third round of financing, securing funds needed to expand distribution of its debut product line, Rich & Creamy Melt Organic buttery spreads. The round was led by investors from the Boise Angel Alliance, Frontier Angel Fund and the Sun Valley area. Melt spreads are made from fruit- and plant-based organic oils, including virgin coconut, flaxseed, hi-oleic sunflower, palm fruit, and canola. Following a feature in March on the Dr. Oz Show, the company was able to accelerate its regional expansion to a national rollout. “The successful closure of our Series A-1 round enables us to move ahead more aggressively with our 2012 plans,” said CEO Meg Carlson.
Disclaimer: NCN does not warrant the accuracy, reliability, or timeliness of any NCN news item. Before relying on any NCN News item the information should be independently verified.
For more finance and investment information, visit Nutrition Capital Network news.