Total amount raised
R$509 Millions
Latest funding date
05/01/2024
Location
Oakberry has successfully raised funding through multiple rounds, attracting notable investors such as Moriah Asset and BTG Pactual. The company is dedicated to promoting healthy and organic food production and delivery, with a focus on açaí-based products.
Keep reading to explore the intricacies of Oakberry's fundraising journey and the investors backing this innovative platform.
What Is Oakberry?
Oakberry, founded in 2015, is a company based in São Paulo, Brazil, specializing in healthy and organic food production and delivery. They offer a variety of açaí-based products, including bowls, smoothies, snacks, and drinks.
The company emphasizes the use of 100% organic açaí sourced directly from the Amazon, ensuring their products are rich in antioxidants and nutrients. Oakberry aims to integrate açaí into the healthy lifestyles of people around the world.
With a workforce of 251-500 employees, Oakberry continues to grow and expand its operations globally. However, the names of the founders are not provided in the available sources.
How Much Funding Has Oakberry Raised?
- Venture Round
- Amount Raised: $16.8M
- Date: January 2021
- Lead Investors: Kilima Asset
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at supporting Oakberry's initial expansion and operational growth.
- Series C
- Amount Raised: $66.60M
- Date: December 2023
- Lead Investors: BTG Pactual
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Oakberry's global expansion, particularly in the U.S. market, and to open 300 new stores by the end of 2024.
- Venture Round
- Amount Raised: $20.5M
- Date: May 2024
- Lead Investors: Moriah Asset
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further accelerate Oakberry's international growth and operational expansion.
Total Amount Raised: $103.9M. Current Valuation: Not publicly disclosed.
Key Investors
- Moriah Asset
- Details: Moriah Asset is an asset management firm that has invested in Oakberry. They are known for backing high-growth potential companies.
- Investment Focus Areas: Not specified in the provided sources.
- Notable Investments: Oakberry.
- BTG Pactual
- Details: BTG Pactual is Latin America's largest investment bank, providing a broad range of financial services. They have led significant investment rounds for Oakberry.
- Investment Focus Areas: Financial services, asset management, investment banking.
- Notable Investments: Oakberry, various sectors across Latin America.
- Kilima Asset
- Details: Kilima Asset is an asset management firm that has been a key investor in Oakberry since 2021. They focus on supporting fast-growing companies.
- Investment Focus Areas: Not explicitly detailed in the sources.
- Notable Investments: Oakberry.
Information about other major investors or their notable investments was not found in the provided sources.
What's Next for Oakberry?
Oakberry's future looks promising with significant opportunities for global expansion, particularly in the U.S. market. The company plans to open 300 new stores by the end of 2024 and aims to reach about 1,000 stores and 1 billion reais in revenues by the end of the next year. This growth is expected to be fueled by the increasing demand for healthy food options and the popularity of acai bowls.
To support this ambitious expansion, Oakberry may seek additional funding rounds. The company is also exploring co-investment opportunities in countries like Australia and Portugal, which could further bolster its growth. However, managing rapid international expansion while maintaining quality and brand consistency will be a significant challenge. Navigating different regulatory environments and market conditions in various countries will also require strategic planning and execution.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Oakberry and gather other critical business insights.
Sign up for free and start exploring the wealth of information available at Clay.
