Hart Dairy receives increased capital from reputable institutions to support premium product growth and innovation
Hart Dairy in America has announced that it has successfully closed its planned $10 million seed round to catalyze the long-term growth of the company. The funding round was led by Sydney-based Alium Capital to enable Hart Dairy’s growth in America and Asia.
Hart Dairy Chief Executive Officer Tim Connell said, “This significant influx of new capital is a clear validation of how we see free-range, grass-fed milk emerging in America. With consumers’ paradigm shift toward better-for-you products and our recent Certified Humane® certification for the farms we care for most, we believe we are on the right trajectory. Having a world-class organization such as Alium Capital in our corner is a huge endorsement for Hart Dairy as we continue to grow and pioneer the 100% free-range, grass-fed movement for our cherished consumers.”
Alium Director Jason Rich said, “We were very impressed with Hart Dairy’s exceptional operation, along with their ability to recognize and fill this significant gap in the dairy market. We were also attracted by the team’s ability to scale quickly and, most importantly, they have the expert management team in place to execute appropriately to achieve success in this category.”
Hart Dairy will deploy the capital to further expand their premium and better-for-you dairy product offerings, increase production capabilities and continue the innovation of their forward-thinking and industry-leading animal welfare practices.