Mediterranean yogurt brand Nounós Creamery raises funding

Traditional Mediterranean yogurt brand Nounós Creamery has raised an undisclosed amount of funding to accelerate its growth.

The lead investor was AccelFoods, a venture capital fund focused on investing in high-growth packaged food and beverage companies.

The funding round also saw participation from Siggi’s Dairy’s founding investor David Wilson and Nounós Creamery’s existing board member Luciana Nuñez, who was former general manager at Danone for premium yogurt.

Nounós plans to use the investment for production and distribution expansion.

It will help extend the company’s coverage across the country for retailers including Whole Foods Market, Wegmans and The Fresh Market.

Nounós Creamery co-founder Steven Ioannou said: “We are excited to be working with a team of investors, board members, new hires and partners that understand Nounós Creamery’s vision of what a Mediterranean premium yogurt should be. With their support, Nounós Creamery will turn the dairy industry on its head and innovate to new levels while spreading our hand-crafted creations throughout the US.”

John Belesis is another co-founder of Nounós Creamery, which provides a range of inventive flavor combinations and protein-packed products free from GMOs, antibiotics, gluten, rBST and hormones.

AccelFoods managing partner Lauren Jupiter said: “Utilising a heritage cheesecloth strained technique and environmentally friendly glass packaging, Nounós Creamery is offering a fresh and unprecedented take on yogurt in the U.S.

“John and Steve are uniquely capable of bringing scale and efficiency to a craft-style product that is sure to disrupt the dairy aisle.”