The LittleOak Company, a New Zealand goat milk infant formula hopeful backed by private equity fund Parc Capital, is in the market to raise $10 million to support an expansion in the United States.
Elke Pascoe, LittleOak’s founder, recently returned from the US where she was visiting with prospective investors to get clarity around the Food and Drug Administration process for a full entry to the second-biggest formula market in the world valued at about $US4.3 billion ($6.5 billion).
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
