Total amount raised
R$509 Million
Latest funding date
05/01/2024
Location
Oakberry has successfully raised funding over three rounds, with the latest being a "Venture - Series Unknown" round. The company is backed by investors such as Moriah Asset and BTG Pactual.
Oakberry specializes in açaí-based products, offering a variety of bowls and smoothies made from 100% organic açaí from the Amazon. Keep reading to explore the intricacies of Oakberry's fundraising journey and the investors backing this innovative brand.
What Is Oakberry?
Oakberry, founded in São Paulo, Brazil, operates within the Food and Beverage, Organic Food, and Restaurants industries. The company has grown to employ between 251-500 people.
Specializing in açaí-based products, Oakberry offers a variety of bowls and smoothies made from 100% organic açaí sourced directly from the Amazon. The company emphasizes health benefits and sustainable production processes, aiming to make açaí a globally appreciated superfood.
How Much Funding Has Oakberry Raised?
- Funding Round: Series Unknown
- Amount Raised: $16.67 million
- Date: January 2021
- Lead Investors: Kilima Asset
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's initial growth and international expansion efforts.
- Funding Round: Series C
- Amount Raised: $66.60 million
- Date: December 2023
- Lead Investors: BTG Pactual
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Oakberry's global expansion plans, particularly in the U.S. market, aiming to open 300 new stores by the end of 2024.
- Funding Round: Series Unknown
- Amount Raised: $20.51 million
- 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 market penetration.
Total Amount Raised: $103.78 million. Current Valuation: Not publicly disclosed.
Key Investors
- BTG Pactual
- Details: BTG Pactual is Latin America's largest investment bank, managing funds that led Oakberry's recent investment round. The bank is known for its extensive involvement in various sectors across Latin America.
- Investment Focus Areas: Financial services, high-growth potential companies, various sectors.
- Notable Investments: Not specified in the sources.
- Kilima Asset
- Details: Kilima Asset is an asset manager that had previously invested in Oakberry in 2021. The firm focuses on asset management and investments in promising companies.
- Investment Focus Areas: Asset management, food and beverage sector.
- Notable Investments: Oakberry.
- Moriah Asset
- Details: Moriah Asset is one of the key investors in Oakberry, participating in multiple funding rounds. Specific details about the firm are not provided in the sources.
- Investment Focus Areas: Not specified in the sources.
- Notable Investments: Oakberry.
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, aiming to reach 1,000 stores and 1 billion reais in revenue. This ambitious growth strategy includes a seven-fold increase in the U.S. by 2026 and tripling the number of stores in Europe.
To support these expansion plans, Oakberry may seek additional fundraising rounds. The company's recent $66.60 million investment from BTG Pactual-managed funds highlights the potential for future capital influx. Co-investment opportunities in Australia and Portugal also present avenues for growth.
However, Oakberry faces challenges such as managing rapid international expansion, maintaining quality, and navigating different regulatory environments. Competition from other fast-food and health-focused chains will also be a hurdle. Ensuring a robust supply chain and operational support will be crucial for sustaining growth.
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