Oakberry Secures a Whopping $67 Million in Series C Funding

In a dazzling display of financial prowess, Oakberry, the Brazilian açaí sensation, has secured a whopping $67 million in Series C funding, marking a significant milestone in its journey towards global domination.

The driving force behind this injection of capital is none other than the prestigious Brazilian investment bank, BTG Pactual (BPAC11), leading the charge in propelling Oakberry to new heights.

Picture this: açaí bowls galore, captivating taste buds in more than 40 countries with approximately 700 stores already dotting the global landscape.

Oakberry, under the visionary leadership of CEO Georgios Frangulis, has set its sights on an ambitious mission – to elevate its revenue to a staggering $200 million and expand its footprint to a cool 1,000 locations worldwide within the next year.

The focal point of this financial windfall? The red, white, and blue – the United States market. Oakberry is gearing up for an explosive foray into the U.S., with a game plan fueled by the newly acquired funds.

Bruno Cardinali, the maestro of marketing, and Leandro Gasparin, the business virtuoso, both seasoned alumni from the juggernauts Burger King and Popeyes, have taken the helm of Oakberry’s ship. Together, they have masterminded the opening of over 150 new stores in 2023 alone.

Now, with 35 locations planted on U.S. soil, Cardinali and Gasparin, in collaboration with Oakberry’s top-tier leadership team and BTG Pactual, are orchestrating a grand symphony to propel the açaí brand to over 200 U.S. stores.

But wait, that’s not all. Buckle up for a European adventure, as Oakberry sets its sights on tripling its footprint across the continent by 2026.

The Oakberry Funding frenzy doesn’t stop at corporate stores; the brand is exploring tantalizing co-investments in exotic locales like Australia and Portugal.

These countries have been earmarked as strategic playgrounds for Oakberry’s expansion, further enriching the global tapestry of this açaí powerhouse.

Founded in 2016, Oakberry is not just a brand; it’s a sensation, a flavorful journey that started with a bowl of açaí and is now transcending borders.

With the infusion of $67 million in Series C funding, Oakberry is poised to redefine the very essence of açaí indulgence on a global scale, leaving an indelible mark on taste buds and financial charts alike.

Oakberry Funding: a saga of flavor, growth, and boundless possibilities.

ALSO READ: Quantas Labs Attracts $550K Seed Funding for Cutting-Edge Erosion Solutions

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