Michelle’s Miracle, Inc., a provider of tart cherry nutraceutical products, closed its first tranche of Series A funding after raising approximately $750,000 in equity.
Madison, Wisconsin-based Phenomenelle Angels Fund led the round with the participation from seed investors Fisher Properties of Muncie, Indiana, founders, prior investors and key suppliers.
The funds will be used to expand the management team, sales and marketing expenditures, and inventory purchases to facilitate growth in the rapidly expanding market for tart cherry nutraceutical and superfruit products.
The Leland, Michigan-based company also announced that Joe Hildebrandt, Managing Director of the Phenomenelle Angels Fund, Lauren Flanagan, Managing Director of the Phenomenelle Angels Fund, and Jim Fisher, Executive Vice President, Fisher Properties, have joined the Board of Directors.
FinSMEs
30/09/2009