The fairness funding represents a 10% share of the corporate, Sara Fletcher, an Oatly spokesperson, advised CNN Business on Tuesday. The cash will go towards increasing manufacturing and distribution capabilities in Europe, the United States and Asia.
The funding places Oatly’s valuation at $2 billion,
according to The Wall Street Journal, which first reported the information. The monetary infusion may set the
stage for Oatly to go public within the subsequent 12 to 18 months or to be acquired, the Journal reported.
Fletcher stated studies of a future acquisition or IPO are “just rumors right now. We’re keeping all options open.”
Sales of oat milk and plant-based dairy alternate options
have soared in recent years and accelerated in the course of the Covid-19 pandemic, as customers stocked up on shelf-stable meals staples.
Multinational firms are
stepping up their offerings as nicely. Earlier this week,
Nestlé (NSRGY) and
Starbucks (SBUX) introduced that Starbucks-branded non-dairy, almond milk and oat milk creamers
were launching nationwide.