Koia Secures $7.5 Million

Consumer startup Koia announced it has secured $7.5 million in seed financing. Three investors participated in the round, including KarpReilly and AccelFoods.

Koia is a food and beverage company that produces protein drinks using 100 percent plant-based nutrition sources, including rice, hemp seeds, and peas. It delivers an unrivalled five-to-one ratio of plant protein to sugar, featuring natural ingredients that are soy-free, dairy-free, gluten-free, and non-GMO. The company was launched exclusively in Whole Foods Market stores across the U.S. in 2016. Three flavours of Koia are now available: vanilla bean, cacao bean, and coconut almond. Each drink retails for $5.99 and can be found in the refrigerated sections.

According to the company, Koia will use the funds to expand its team, support the brand’s retail expansion, and launch a multi-region field marketing campaign.