Lub Foods adds Gullspång Invest and Pollux Capital as investors in the company

Lub Foods, a Sundbyberg, Sweden-based food manufacturing company, announced closing in a $7.3M capital investment round.

The funding was backed by Swedish investors including Gullspång Invest and Pollux Capital.

LUB Foods (Luthman Backlund Foods), founded in 2014 by Carl Bäcklund and Niclas Luthman and led by CEO Stefan Lagerqvist, manufactures and markets tasty and healthy snacks, protein bars, confectionery, ice cream, sweeteners and other "functional foods" under the brand names NICK's, Sukrin and Baby Foot.

NICK'S (spelled N! CK'S) has recently launched its new ice cream in Sweden, Finland and the US (where it has grown from zero to over 3000 stores in just over six months) and plans to launch also in Germany and Ireland in 2020.