About La Michoacana
La Michoacana is a company based in Modesto (United States) founded in 1940 was acquired by Helados Mexico in January 2021.. La Michoacana has raised $8 million across 2 funding rounds from investors including Helados Mexico and CVF Capital Partners. The company has 105 employees as of December 31, 2022. La Michoacana offers products and services including Paletas, Popsicles, and Bolis. La Michoacana operates in a competitive market with competitors including Milky Mist Dairy Food, Van Leeuwen Ice Cream, HP Hood, Salt & Straw and Halo Top, among others.
- Headquarter Modesto, United States
- Employees 105 as on 31 Dec, 2022
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Plm Operations, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8 M (USD)
in 2 rounds
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Latest Funding Round
$4.5 M (USD), Series A
Aug 10, 2012
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Investors
Helados Mexico
& 1 more
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Employee Count
105
as on Dec 31, 2022
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Acquired by
Helados Mexico
(Jan 25, 2021)
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Products & Services of La Michoacana
La Michoacana offers a comprehensive portfolio of products and services, including Paletas, Popsicles, and Bolis. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Authentic Mexican ice cream bars with various flavors
Fruit-based frozen pops in diverse tastes
Creamy frozen treats with traditional flavors
Funding Insights of La Michoacana
La Michoacana has successfully raised a total of $8M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.5 million completed in August 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $4.5M
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First Round
First Round
(16 Feb 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2012 | Amount | Series A - La Michoacana | Valuation |
investors |
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| Feb, 2011 | Amount | Private Equity Round - La Michoacana | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in La Michoacana
La Michoacana has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Helados Mexico and CVF Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity is directed toward lower middle market companies.
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Founded Year | Domain | Location | |
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Bran of ice cream
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by La Michoacana
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - La Michoacana
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
La Michoacana Comparisons
Competitors of La Michoacana
La Michoacana operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Milky Mist Dairy Food, Van Leeuwen Ice Cream, HP Hood, Salt & Straw and Halo Top, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Brand of dairy products
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| domain | founded_year | HQ Location |
Artisan ice cream is produced and supplied by Van Leeuwen.
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| domain | founded_year | HQ Location |
Brand of dairy products
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| domain | founded_year | HQ Location |
Brand of ice cream
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| domain | founded_year | HQ Location |
Ice cream brand
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| domain | founded_year | HQ Location |
Multi-category plant-based dairy products are produced and sold online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on La Michoacana
Frequently Asked Questions about La Michoacana
When was La Michoacana founded?
La Michoacana was founded in 1940 and raised its 1st funding round 71 years after it was founded.
Where is La Michoacana located?
La Michoacana is headquartered in Modesto, United States. It is registered at Modesto, California, United States.
Is La Michoacana a funded company?
La Michoacana is a funded company, having raised a total of $8M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $3.5M, raised on Feb 16, 2011.
How many employees does La Michoacana have?
As of Dec 31, 2022, the latest employee count at La Michoacana is 105.
What does La Michoacana do?
La Michoacana was established in 1940 as an ice cream brand within the food and beverage sector. Operations are centered in Modesto, United States, where various ice cream flavors are produced and sold through retail outlets. Ownership is held by Gutierrez Ignacio. The brand focuses on traditional recipes adapted for local markets, with distribution primarily in the western United States.
Who are the top competitors of La Michoacana?
La Michoacana's top competitors include Van Leeuwen Ice Cream, HP Hood and Salt & Straw.
What products or services does La Michoacana offer?
La Michoacana offers Paletas, Popsicles, and Bolis.
Who are La Michoacana's investors?
La Michoacana has 2 investors. Key investors include Helados Mexico, and CVF Capital Partners.