Slate Milk is a technology company.
Slate Milk has raised $25.0M across 2 funding rounds.
Slate Milk has raised $25.0M in total across 2 funding rounds.
Slate Milk has raised $25.0M in total across 2 funding rounds.
Slate Milk's investors include Alumni Ventures, Andreessen Horowitz, Coinbase Ventures, Haun Ventures, LGF, NEO, Hans Tung, Sequoia Capital, Tusk Venture Partners, Amjad Masad, Ron Pragides, Ryan Sarver.
Slate Milk is a food and beverage company producing high-protein, lactose-free milkshakes, iced coffees, and related products like drink mixes and cookies, all made with natural ingredients via ultrafiltration to remove lactose while concentrating protein to 20g per serving with 0g added sugar.[1][2][3] It serves health-conscious consumers, athletes, and those with lactose intolerance, solving the problem of indulgent-tasting drinks that support recovery and nutrition without sugar spikes or digestive issues.[1][3] Founded in 2018 and headquartered in the Boston area, Slate has shown strong growth momentum, raising $23 million in recent funding, achieving $22.2 million in revenue, employing around 50 people, and expanding retail presence in chains like Walmart, Whole Foods, and 7-Eleven, with plans for nationwide U.S. distribution.[3][4][5]
Slate Milk was co-founded in 2018 by Northeastern University alumni Manny Lubin and Josh Belinsky, who aimed to create a healthier version of chocolate milk they could enjoy daily.[1][3] The idea emerged from their desire for a clean, protein-packed alternative to traditional sugary drinks; after a successful Kickstarter campaign, an appearance on ABC's Shark Tank, and hundreds of recipe iterations, they launched in late 2019 with three chocolate milk flavors using ultrafiltration—a natural process that filters out lactose like a Brita filter while boosting protein naturally.[1][3] Early traction came from university support via Northeastern's IDEA accelerator and Scout design studio, leading to millions in retail sales and expansion into iced coffees, drink mixes, and more.[3] Key team members include investor Sean Clifford, with the company now at about 50 employees focused on in-store execution.[2][3]
While not a pure technology company, Slate Milk leverages food tech processes like ultrafiltration for scalable, clean-label production, riding the wave of wellness-driven beverages amid rising demand for high-protein, low-sugar, functional drinks—evident in 2025 press on protein/caffeine startups.[2][5] Timing aligns with post-pandemic health shifts, lactose intolerance affecting ~65% of adults globally, and retail expansion fueled by e-commerce (Amazon) and omnichannel grocery, positioning Slate to influence the $50B+ ready-to-drink protein market.[1][3][5] Its alumni-backed model and $28M+ total funding demonstrate how food tech startups disrupt CPG via direct retailer partnerships and data-driven stocking.[3][4][5]
Slate Milk is poised for national dominance with its recent $23M raise funding U.S. chain expansions in the next 6-8 months, potentially hitting multi-state retail velocity while innovating in plant-based or caffeinated lines.[3][5] Trends like protein personalization, shelf-stable wellness, and European-style investments (mirroring plant-based funding surges) will propel growth, evolving Slate from niche shaker to CPG powerhouse amid consumer shifts to functional foods.[2][5] This builds on its Shark Tank-honed traction, turning everyday indulgence into optimized nutrition.
Slate Milk has raised $25.0M across 2 funding rounds. Most recently, it raised $23.0M Series B in September 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2025 | $23.0M Series B | Alumni Ventures, Andreessen Horowitz, Coinbase Ventures, Haun Ventures, LGF, NEO, Hans Tung, Sequoia Capital, Tusk Venture Partners, Amjad Masad, Ron Pragides, Ryan Sarver | |
| Feb 1, 2021 | $2.0M Seed | Alumni Ventures, Andreessen Horowitz, Coinbase Ventures, Golden Gate Ventures, Haun Ventures, LGF, NEO, Hans Tung, Sequoia Capital, Tusk Venture Partners, Amjad Masad, Ron Pragides, Ryan Sarver |