WINSTON SALEM — MOMI Brands, Inc., a development stage company commercializing technologies for innovative breast pumps and infant feeding system, closed a $1 million seed round investment on Monday that will go toward the development and bring to market its patented technologies for a new breast pump and an infant feeding system that replicates natural breastfeeding.
Two Charlotte, N.C.-based firms, Kapstone Medical and Enventys Partners, led the investment. Charlotte-based Start100 Fund, an investment fund, also participated.
“The partnership between MOMI, Enventys, and Kapstone presents a best possible scenario to address a real market opportunity. The combined team has all the key ingredients including the industry knowledge, skilled resources, product commercialization experience, and understanding of the medical and scientific aspects of nursing,” Kapstone’s CEO John Kapitan said in a statement.
MOMI’s founder and CEO, Carr Lane Quackenbush previously led the U.S. division of Medela, a breast pump manufacturer, until retiring in 2011. Quackenbush’s view is that the industry has yet to bring to market a breast pump or infant feeding system that mimics natural nursing.
“I really do believe that these products will replicate nature, and will bring the advantages that we set out to bring to market,” Quackenbush said.
The report can be found here.
This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s Hussman School of Journalism and Media
