Oatly, maker of oatmilk, has received $200 million in equity led by Blackstone Growth. Additional investors in the funding round include Oprah Winfrey, Roc Nation, Natalie Portman, former Starbucks Chairman and CEO Howard Schultz, Orkila Capital, and Rabo Corporate Investments, the investment arm of Rabobank. As minority shareholders, the new investors will join the company’s existing partners, including Verlinvest-CR JV and the company’s founders.
The injection of capital will fund the company’s overall growth plans, which include expansion in current markets and new production plants and related jobs in Europe, the United States, and Asia. By bringing facilities closer to consumers, the company will make the Oatly product range more readily available to the community of health and environmentally conscious consumers worldwide.
“Leaders in asset management like Blackstone play an essential role in order to create real, sustainable change,” said Toni Petersson, Oatly CEO, in a press release. “We chose to partner with Blackstone Growth because of their tremendous resources and unique reach. Our new partners’ commitment to supporting us and furthering our mission is a clear indication of where the world is heading, which is in a new, more sustainable direction.”