Oatbox has raised CAD 7 million (approx. $5.4 million) to support the production and development of Canadian organic oat milk.
Founded in 2014, Oatbox says it has been working on the development of an oat milk that is made with Canadian organic oats. The capital will enable the company to invest in the construction of a large-scale production line, as well as accelerate the expansion of its offerings in grocery stores across Canada.
Marc-Antoine Bovet, co-founder and CEO of Oatbox, said: “This investment, which is a vote of confidence in our brand and business model, will fuel our ambition: to be the reference in Canadian organic oat-based products”.
Oatbox products are available on its website, grocery stores and independent stores.
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