Blackstone leads $200m round for Oatly

Additional investors include celebrities Oprah Winfrey, Roc Nation, Natalie Portman, former Starbucks CEO Howard Schultz, Orkila Capital and Rabo Corporate Invest, the investment arm of Rabobank.

The new investors will be minority shareholders alongside the company's existing partners, Verlinvest China Resources, Industrifonden, Östersjöstiftelsen and the company's founders, who are reinvesting in the company with additional capital.

The latest funding will allow Oatly to continue its global expansion and establish new production plants in Europe, the US and Asia. The company's products are currently available in more than 50,000 locations in 20 countries. In 2019, the company reported revenues of around $200m. 

Additionally, Oatly recently raised a sustainability-linked debt facility of SEK 1.925bn from a syndicate of several banks and other credit providers.

Previous funding
In 2016, the company was acquired by a joint venture of Verlinvest and China Resources.

In 2019, Oatly raised SEK 400m from a Cyprus-based investment company Nativus. 

Company
Founded in 1990 and based in Malmo, Oatly manufactures oat milk. The company uses a patented enzymation process, and its products are currently available in more than 50,000 locations in 20 countries. The company in 2019 generated revenues of around $200m, and it has 200-500 staff, according to its LinkedIn profile. 

People
Oatly – Toni Petersson (CEO).
Blackstone Growth – Jon Korngold (global head).

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• Topics
• Expansion
• Nordics
• Consumer
• Sweden
• Blackstone Group
• Nordic venture