SMPL Oats Completes $1.3 Million in Funding

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

SMPL Oats Completes $1.3 Million in Funding

Canada NewsWire

Vancouver based oat milk company, SMPL Oats, has successfully raised over $1 million in a financing round.

VANCOUVER, BC, Sept. 21, 2021 /CNW/ - SMPL Oats, Vancouver's very own oat milk company, is producing delicious and nutritious milk alternative beverages for Canadians. Having yet to officially launch their products, they have created a regular oat milk option, chocolate milk, and they have a frothy barista formula planned for a later release.

Led by Conor Power, Vegano Foods founder, and consumer packaged goods specialist, SMPL Oats has raised $1.3 million dollars in its initial financing round. In addition to his multiple successful consumer packaged goods startups, Power is a noteworthy venture capitalist who has raised over $35 million for various tech and CPG companies, with several lucrative exits publicly and privately.                                                                       

This strong financing round for SMPL Oats is the perfect catapult for this blooming milk-alternative start-up.

"We plan on doing an IPO in the fall and bring the company public. We also have expansion in our horizon as we plan to launch the SMPL Oats brand in Europe," says Power.

There are many proven health benefits in consuming oat milk and Power saw an opportunity in the market. "The launch of our products coupled with the financial support received in our initial financing round will propel us forward, help us scale, enable us to grow internationally, and speedily execute our vision for SMPL Oats."                                                                              

About: SMPL Oats is Vancouver's own oat milk company. Developed in Canada, SMPL Oats is set to expand across the country and internationally by 2023. Founded in 2021, SMPL Oats raised $1.3 M during its initial financing round.

SOURCE SMPL Oats

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/21/c7161.html

Copyright CNW Group 2021

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).