Organic oats producer Oatbox closes C$7m follow-on financing

The investors in this round were not named.

  • The capital infusion will be used for growth, market positioning and to further development and production of Canadian organic oat milk
  • Oatbox was founded in 2014 and closed a seed round in 2017
  • The funding comes after a complete rebranding

Oatbox, a Montreal-based provider of organic oat products, has raised C$7 million in funding. The investors in this round were not named.

The capital infusion will be used for growth, market positioning and to further development and production of Canadian organic oat milk.

Oatbox was founded in 2014. It closed a C$1.55 seed round in 2017.

“Thanks to this major investment, Oatbox will remain at the forefront of trends, and will be able to offer its customers additional products adapted to its lifestyle,” Marc-Antoine Bovet, CEO and co-founder of Oatbox, in a statement. “Oatbox will also be able to sell its oat base to other manufacturers, hereby answering to an increasing demand.”

The funding, which comes after a complete rebranding, will also go towards accelerating the company’s expansion in grocery stores in the rest of Canada.