Simple Login
Our simple login does not require you to sign up or to use any password. We’ll send you a code which you can use to sign in safely.
Vegan Brand Oatly Secures $200 Million Funding From Investors Including Oprah Winfrey, Natalie Portman, Jay-Z
Swedish vegan milk producer Oatly AB secured $200 million funding from a group of investors led by Blackstone Growth. Oatly sold around 10% of its business in a funding round that valued the company at about $2 billion. The group of in...
Swedish vegan milk producer Oatly AB secured $200 million funding from a group of investors led by Blackstone Growth. Oatly sold around 10% of its business in a funding round that valued the company at about $2 billion.
The group of investors includes Oprah Winfrey, Jay-Z, Natalie Portman, Starbucks CEO Howard Schultz and Rabobank Group, according to a press release.
Oatly plans to use the money to expand its supply network in the existing markets, expand the range of oat-based products and hire more staff in Europe, the US and Asia.
The company is also preparing to go public within the next 12 to 18 months.
Oatly doubled its sales to $200 million in 2019, and it expects a similar rate of growth this year. Still, it has posted losses in the past few years due to increased investments.
"It is my belief that capital has to turn green and do so for the right reasons," Oatly CEO Toni Petersson said in the statement.
"We chose to partner with Blackstone Growth because of their tremendous resources and unique reach," he added.
"Our new partners' commitment to supporting us and furthering of our mission is a clear indication of where the world is heading, which is in a new, more sustainable direction."
Oatly currently sells oat milk in 20 countries in Europe, North America and Asia.
Article by Vegan Kind
The “chicken-iest” vegan chicken ever lands on the supermarket shelves this week...
Mummy vegan sausages for the little ones! These spooky little hot dogs are simpl...
You don't need much time for these. In 10 minutes, you can transform 3 ingredien...
Crispy delicious roasted potatoes to pair with your favourite plant-based meat! ...
Boooo! Try these spooky vegan chocolate banana ghosts! Made with white vegan cho...
Article by Vegan Kind
The vegan campaign flag flies on the International Space Station and orbited Ear...
Article by Vegan Kind
What restaurants are launching new menu items this Veganuary?
Article by Vegan Kind
One of the most popular cheese brands, The Laughing Cow has added a new plant-ba...
Article by Vegan Kind
More people in the UK are following a meat-free diet in 2024, choosing to eat on...
Article by Vegan Kind
Juicy Marbles, a pioneer of 100% plant-based whole cuts, known for creating the ...
Article by Vegan Kind
The new vegan Galaxy bar is made with dairy-free milk chocolate, dried fruits an...
Article by Vegan Kind
The first plant-based salmon alternative, named by its creators "THE FILET – Ins...
Article by Vegan Kind
Denmark is the first country in the world with a ready action plan and proposals...
Article by Vegan Kind
New research shows that nearly 50% of UK consumers are reducing their meat intak...
Article by Vegan Kind
Dreamfarm has just announced it received an investment of €5 million that will b...
Article by Vegan Kind
Beyond Meat wins GOLD at Casual Dining Innovation Challenge 2023 for its plant-b...
This dish is quick to make, nutritious and easy to make.