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Food-tech company Beyond Oil has raised CAD 10.64 million (approx. $7.67 million) through a brokered private placement to accelerate its global growth plans and support product distribution.

The financing round, originally announced in March 2025, was led by Israeli institutional investor Clal Insurance Company and an unnamed investment fund. Research Capital Corporation acted as the sole agent and bookrunner.

As part of the deal, Beyond Oil issued 3,042,200 units at CAD 3.49 (approx. $2.51) each. Each unit includes one common share and two half-warrants – Series A and Series B – allowing investors to purchase additional shares at CAD 6 (approx. $4.32) and CAD 7.75 (approx. $5.59), respectively, until 2027 and 2028.

The funds will be used to expand Beyond Oil’s international distribution footprint. The company also paid CAD 224,641.56 (approx. $162,028) in cash compensation related to the offering.

Jonathan Or, CEO of Beyond Oil, said: "The successful completion of this strategic investment represents an important moment for Beyond Oil. Securing the backing of a major institutional investor like Clal not only validates our technology and business model but also provides us with further capital needed to accelerate our global expansion initiatives. This investment comes at a pivotal time as we continue to gain traction with major food service companies and distributors worldwide."

As part of the agreement, Beyond Oil has committed to refrain from issuing new shares below the placement price until May 2028, provided Clal maintains a minimum 4.5% stake.