The Swedish startup – which recently filed for an IPO in the US – is building its first production facility in Asia to target China’s lucrative dairy products market.
The Swedish company has retained investment banks Morgan Stanley, JPMorgan Chase, and Credit Suisse to manage the offering, according to sources familiar with the matter.
VEAT, which sells plant-based meals out of its vending machines, is rolling out across Stockholm – with other European cities in its sights.
Oatly’s new celebrity backers are becoming seasoned agrifood investors, with the Swedish alt-milk maker just the latest bet they’ve made in the space.
Bjorn Oste started working with his oat milk-inventing brother Rickard in the 1990s to build Oatly, Sweden’s widely-recognized plant-based milk company.
Interesting things are happening in the Nordics. MatHem (literally “Food Home”), the market leader in online groceries in Sweden, has teamed up with a local financial colossus and industrial enfant terrible to re-draw the food map, writes Johan Jorgensen.
Noquo has yet to settle its core ingredient(s), admitting it’s a hard problem to crack, but a list of heavyweight investors clearly thinks the team can go the distance.
LeadX Capital Partners, which is backed by German retailer Metro Group, led the round, joined by the likes of Ingka Group (IKEA), Northzone, D-Ax, and Norrsken.
Biological innovation is key to the economic & environmental sustainability of CEA