Nick's closes $100M funding round

• The company will use the money to bolster its North American and European growth by expanding its portfolio and doubling store count next year. In February, Nicks North America CEO Carlos Altschul told Food Dive he saw 2021 as a banner year for the company, and his words are ringing true. In the past year, Nicks has become the countrys dominant better-for-you ice cream as measured by same-store velocity, according to IRI data cited by the company. The company started in Luthmans home country of Sweden, but its products have expanded to 16 international markets, including the U.S. Nicks first launched in the United States in late 2019. The company closed out 2020 with nearly $10 million in sales, and Altschul said early this year that about 40% of Nicks total business came from the United States.