Muniq's 'Healthy Gut' Nutritional Shake Scores $8 Million

Francesca Billington

Francesca Billington is a freelance reporter. Prior to that, she was a general assignment reporter for dot.LA and has also reported for KCRW, the Santa Monica Daily Press and local publications in New Jersey. She graduated from Princeton in 2019 with a degree in anthropology.

Muniq

Los Angeles-based Muniq, a startup selling prebiotic nutritional shakes, closed an $8.2 million Series A round Tuesday led by Alpha Edison and Acre Ventures Partners.

The direct-to-consumer company, which does business as Uplifting Results Labs, launched its first line in May of 2020.


It was founded by CEO Marc Washington, the former chief financial officer at The Wonderful Company — which owns brands like FIJI Water and POM Wonderful — and former chief executive at supplement company Irwin Naturals.

Muniq sells itself as a food tech company promoting a healthy gut health microbiome with a line of prebiotic shakes. Washington said many of his customers have diabetes or other chronic conditions. Others are just looking to lose weight.

"I think that over the next five to 10 years gut health will continue to be at the forefront of health and wellness," he said. "Especially when you look at the conditions we're trying to address, almost all of them have had a disproportionate effect on minority communities. As a Black founder, it's something that I'm personally passionate about."

Washington will use the funds to build his team and conduct more clinical research. His immediate goal is to continue building an online presence and eventually get the products into brick-and-mortar stores.

The raise marks Muniq's second round of funding following a $5 million seed round led by The Production Board, a San Francisco incubator where Washington began his company.

https://twitter.com/frosebillington
francesca@dot.la

Subscribe to our newsletter to catch every headline.

Why Women’s Purchasing Power Is a Huge Advantage for Female-Led Leagues

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

Why Women’s Purchasing Power Is a Huge Advantage for Female-Led Leagues
Samson Amore

According to a Forbes report last April, both the viewership and dollars behind women’s sports at a collegiate and professional level are growing.

Read moreShow less
https://twitter.com/samsonamore
samsonamore@dot.la
LA Tech Week Day 5: Social Highlights
Evan Xie

L.A. Tech Week has brought venture capitalists, founders and entrepreneurs from around the world to the California coast. With so many tech nerds in one place, it's easy to laugh, joke and reminisce about the future of tech in SoCal.

Here's what people are saying about the fifth day of L.A. Tech Week on social:

Read moreShow less

LA Tech Week: How These Six Greentech Startups Are Tackling Major Climate Issues

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

LA Tech Week: How These Six Greentech Startups Are Tackling Major Climate Issues
Samson Amore

At Lowercarbon Capital’s LA Tech Week event Thursday, the synergy between the region’s aerospace industry and greentech startups was clear.

The event sponsored by Lowercarbon, Climate Draft (and the defunct Silicon Valley Bank’s Climate Technology & Sustainability team) brought together a handful of local startups in Hawthorne not far from LAX, and many of the companies shared DNA with arguably the region’s most famous tech resident: SpaceX.

Read moreShow less
https://twitter.com/samsonamore
samsonamore@dot.la
RELATEDEDITOR'S PICKS
Trending