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Irish co-founded infant formula firm Bobbie raises $70m, makes first acquisition

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Company led by Irish woman Laura Modi, has developed a European-style formula recipe it says is modelled on breast milk

Bobbie, the Irish co-founded start-up which has developed a healthier infant formula for the north American market, is closing a $70 million investment round with funds to be used to acquire Nature’s One, a paediatric nutrition company.

The acquisition, the exact price of which has not been disclosed, provides Bobbie with end-to-end control over formula manufacturing through a new manufacturing facility. It also triples the size of its operations.

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 /  🏆 8. in PT
 

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