Nutrition Capital Network


Nutrition Capital Network news: Mile High Organics closes seed round

Nutrition Capital Network facilitates financing and asset sales for growing companies and introduces investors to the next generation of successful brands & technology in the nutrition and health & wellness industries. Below is news from June.

Mile High Organics (Boulder, Colo.), an organic online grocer, has closed a seven-figure seed round which includes investments by 500 Startups and TA Venture. The company, which was launched in 2010, will use the funds to expand its grocery delivery service. Mile High Organics offers more than 600 grocery products, with an emphasis on providing as much local, seasonal organic produce and groceries as possible.

Online grocery shopping is experiencing a resurgence, according to Mile High, which cited Nielsen data showing U.S. consumers spent about $12 billion on online grocery services in 2010, a figure forecast to reach $25 billion by 2014. The U.S. organic industry grew by 9.5 percent in 2011 to $31.5 billion in sales, according to the Organic Trade Association. Mile High was a presenting company at NCN IX in Los Angeles in Fall 2011.

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.

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