Milk Moovement Secures a Legen-Dairy Deal
As reported by Betakit, the Halifax-based tech food startup Milk Moovement has closed a $20 million USD Series A round led by VMG Catalyst. The company helps streamline the dairy farming process through the use of its software that tracks milk shipments across North America and Australia.
Milk Moovement was created as a solution to an industry-wide problem. The dairy supply chain is a complicated system that includes a web of suppliers, producers, haulers, labs, processors, and cooperatives, all of whom have traditionally operated within their own realms. The company’s software tracks milk shipments in real time, and provides users with real time industry averages, route tracking, driver performance, and producer payment tools. This has allowed for a far more efficient system that prioritizes mitigating waste throughout the supply chain.
The company manages over 30 billion pounds of milk every year, which equates to about 15% of the US dairy industry. The software has been recently employed by large dairy cooperatives in the US, such as United Dairymen of Arizona and California Dairies Inc. With this new funding, Milk Moovement aims “to build out software that goes beyond their core product of supply chain optimization. They want to help strengthen supplier and producer relationships, provide producers with faster and more transparent payment options and reconfigure how processors interact with the entire dairy supply chain.”
Author: Taryn Wunder, 2022 Summer Student-at-law
Expertise
Insights
-
Financial Services Regulatory
Canadian Securities Administrators Extend Compliance Deadline in Interim Approach to Value-Referenced Crypto Assets
On April 17, 2024, the Canadian Securities Administrators (CSA) provided an update to their interim approach in respect of “Value-Referenced Crypto Assets” (VRCAs), as set out in the CSA’s guidance in… -
Financial Services Regulatory
Obligations and Opportunity - Budget 2024’s Impact on the Blockchain Industry
As crypto-assets become subject to further regulation both domestically and globally, industry players find themselves presented not only with new obligations but also with new opportunities. Canada’s… -
Technology
U.S. Justice Department Files Antitrust Lawsuit Against Apple
On March 21, the U.S. Justice Department, in collaboration with 16 other state and district attorneys general, filed an antitrust lawsuit against Apple.The lawsuit alleges that Apple has engaged in… -
Technology
Spotify Tests Educational Content on Platform
Spotify, a music, podcast, and audiobook streaming platform, is now venturing into e-learning. The platform will be providing its users with video-based courses by partnering up with educational tech… -
Technology
TikTok: Time is Running Out
TikTok has exploded in popularity with 170 million users in the United States (“US”). For context, at least one in three Americans access the application, and according to a 2022 Pew Research Center… -
Technology
PocketHealth Secures $45M in Series B Funding: A Leap Forward in Medical Image Exchange
At its inception eight years ago, PocketHealth set a goal to build an easier way for patients and healthcare providers to access and share diagnostic images. Today, the Toronto-based start-up’s…