fbpx
Connect with us

Beverages

Açaí Brand OAKBERRY Raises $67 million in Series C Funding with BTG Pactual to Grow U.S. Restaurant Footprint

Published

on

MIAMI /PRNewswire/ — Today, global açaí brand OAKBERRY announced that it has successfully raised $67 million (325 million Brazilian Reais) through a Series C funding round. The round was raised through funds managed by the Brazilian investment bank BTG Pactual (BPAC11) – the largest investment bank in Latin America, including an impact fund portfolio. The new partnership will accelerate OAKBERRY’s global expansion strategy, most notably through rapid growth in the United States market.


Açaí brand OAKBERRY has successfully raised $67 million to accelerate its global expansion strategy.

Founded in 2016 with the ambition to make better-for-you food more easily accessible, the company currently has approximately 700 stores across more than 40 countries. Now, the Brazilian-founded açaí brand expects to reach over $200 million in revenue and nearly 1,000 stores globally by the end of 2024.

“We designed OAKBERRY to be a global brand with a strong footprint in the United States, and the investment from BTG Pactual brings not only a financial partner, but also a strategic partner with a keen focus on reinforcing our expansion. The strategy to invest in corporate stores in high demand markets, like the United States, represents an excellent opportunity for capital allocation while, at the same time, establishing our brand in these regions,” said Georgios Frangulis, CEO and Co-Founder of OAKBERRY. 

Since the arrival of Bruno Cardinali as Global Head of Marketing and Leandro Gasparin as Head of Business North America, the pair – both alumna from dominating restaurant chains Burger King and Popeyes – have guided OAKBERRY through an aggressive expansion in the U.S. and globally, opening more than 150 new stores in 2023 alone. Now, with 35 locations in the U.S., Cardinali and Gasparin, in partnership with OAKBERRY’s leadership team and BTG Pactual, will lead the açaí brand to 200+ U.S. stores, while also tripling its European footprint by 2026. 

In addition to its corporate stores in the United States, the chain is exploring co-investments in countries such as Australia and Portugal as additional markets of importance for funding allocations from the capital round.

This latest funding round represents the third time OAKBERRY has strengthened its capital structure. In 2021, the company raised its first private round of $17.3 million with Monte Bravo and its manager, Kilima Asset, to invest in its fully verticalized operations. In 2022, the brand made its capital market debut with the issue of a green Agribusiness Receivables Certificate (CRA) of $10.3 million for the purchase of sustainably managed açaí. OAKBERRY’s sustainable sourcing and operation, with clear ESG metrics monitored by external auditing companies, was one of the key elements that caught the attention of BTG Pactual’s impact fund. The company is dedicated to promoting the sustainable agriculture of its suppliers, contributing significantly to the local economy of riverside residents.

To learn more about OAKBERRY, visit https://oakberry.com/en/, and for franchise opportunities visit https://oakberryfranchise.com/.

About OAKBERRY
OAKBERRY was founded in Brazil in 2016 by Georgios Frangulis and Renato Haidar following a dream to create a quick-service superfood brand that is delicious, easy and fun to eat, and accessible to everyone. That dream became OAKBERRY’s refreshing and indulgent menu of açaí bowls and smoothies served up in visually appealing layers of açaí and customizable, unlimited toppings at shops worldwide. OAKBERRY’s açaí is sustainably sourced from Brazil’s Amazon Rainforest and is an abundant source of energy, rich in antioxidants, all-natural and organic with no high fructose corn syrup or artificial colors added. 

A fast-growing brand with over 700 locations across 40 countries, OAKBERRY’S fully verticalized business model provides flexibility and operational efficiencies for its growing franchise model. To learn more about OAKBERRY, visit https://oakberry.com/en/ and follow along on social media at @oakberryusa; for franchise opportunities visit https://oakberryfranchise.com/.

About BTG Pactual

BTG Pactual (BPAC11) is the largest investment bank in Latin America and operates in the Investment Banking, Corporate Lending, Sales & Trading, Asset Management, Wealth Management and Banking markets. BTG Pactual has established itself as one of the most innovative investment platforms in the country, with a complete transactional bank to support the moment in life and the construction of its clients’ stories. Furthermore, it is a pioneer in the ESG agenda, with financial products that support the transition to a greener and more sustainable economy. The institution is internationally recognized and awarded, and has more than 7,000 employees in Brazil, Chile, Argentina, Colombia, Peru, Mexico, United States, Portugal and Luxembourg.

SOURCE OAKBERRY

Author


Discover more from Daily News

Subscribe to get the latest posts sent to your email.

Continue Reading
Advertisement Bully Sticks

Beverages

Celebrate Summer with National Mojito Day!

Published

on

Free mojito cocktail lime slice


Every year on July 11th, cocktail enthusiasts and summer lovers across the U.S. come together to celebrate National Mojito Day. This refreshing cocktail, with its cool hits of mint and vibrant lime, is the perfect companion for a hot summer day.

Raise your glass this July 11th and celebrate #NationalMojitoDay! 🍹 Enjoy the refreshing mix of rum, mint, lime, and a touch of sweetness. Cheers to flavor!

The mojito, a classic Cuban concoction, has won hearts worldwide with its simple yet invigorating blend of white rum, sugar, lime juice, sparkling water, and fresh mint. Its origin stretches back to the days of pirates and the age-old quest for remedies to tropical diseases, with the mojito’s predecessor used for medicinal purposes. Today, it stands as a symbol of leisure and celebration.

How to Make the Perfect Mojito:

Ingredients:

  • 10 fresh mint leaves, plus a sprig for garnish
  • 1/2 lime, cut into 4 wedges
  • 2 tablespoons sugar, or to taste
  • 1 cup ice cubes
  • 1 1/2 ounces white rum
  • 1/2 cup sparkling water

Instructions:

  1. Muddle the Mint and Lime: In a sturdy glass, add mint leaves and 1 lime wedge. Use a muddler or the back of a spoon to crush them together, releasing the mint oils and lime juice. Repeat this process for the remaining lime wedges along with the sugar. Muddling releases the flavors which are the base of this cocktail.
  2. Assemble the Drink: Fill the glass almost to the top with ice cubes. Pour the white rum over the ice, and fill the glass with sparkling water. Stir well.
  3. Garnish and Serve: Stir the mix gently. Garnish with the sprig of mint.

Now that you know how to make a classic mojito, why not try your hand at making one this National Mojito Day? Gather your ingredients and join in the nationwide toast to the joy and refreshment brought by this beloved beverage!

Remember to sip responsibly and savor every refreshing note of your homemade mojito. Cheers to #NationalMojitoDay!

For more delicious recipes and cocktail facts, follow along and let every sip take you on a journey through the rich history of the mojito. Enjoy your celebration in style, surrounded by friends, sun, and good spirits.

https://www.nationaldaycalendar.com/national-day/national-mojito-day-july-11

Visit our Food & Drink section to get the latest on Foodie News and recipes, offering a delightful blend of culinary inspiration and gastronomic trends to elevate your dining experience.

https://stmdailynews.com/category/food-and-beverage

You can also find food and beverage-related videos on our YouTube channel, where we regularly post new content and share tips, recipes, and demonstrations. https://youtube.com/playlist?list=PLEhXBupt8tVynuUhpQZMxQt4lvPmOiAtQ&si=InDwc7YaB0KIwmxy

Author

  • Rebecca Washington

    Rebecca Jo is a mother of four and is a creative soul from Phoenix, Arizona, who also enjoys new adventures. Rebecca Jo has a passion for the outdoors and indulges in activities like camping, fishing, hunting and riding roller coasters. She is married to Rod Washington

    View all posts

Discover more from Daily News

Subscribe to get the latest posts sent to your email.

Continue Reading

Beverages

MTN DEW ® CELEBRATES SUMMER WITH THREE NEW MTN DEW RED, WHITE & BLUE LIMITED-TIME OFFERINGS

Published

on

To Encourage Spending Time Outdoors, MTN DEW Is Giving Fans a Chance to Score Exclusive Prizes Nationwide with The First Ever “MTN DEW Cooler Quest”

PURCHASE, N.Y. /PRNewswire/ — With the countdown to summer officially on, MTN DEW wants everyone to celebrate the great outdoors by unveiling three new limited-time MTN DEW RED, WHITE & BLUE offerings. Whether you’re heading out for a hike, packing for a boat day or hanging with friends around the bonfire, there’s a MTN DEW for every outdoor activity.

Starting today, MTN DEW RED, WHITE & BLUE will be available in 20 oz. bottles and 12 oz. cans across major retailers and convenience stores nationwide for a limited time this summer. MTN DEW RED, WHITE & BLUE offerings include the following three flavors: 

  • MTN DEW STAR SPANGLED SPLASHthe perfect combination of berry flavors, in a dazzling red color.
  • MTN DEW FREEDOM FUSION: a refreshing lemonade white peach flavor, in a frosty white color.
  • MTN DEW LIBERTY CHILL: a blend of 50 flavors to create a bold midnight blue color and berry taste.

To encourage fans to try these new flavors and to celebrate the official first day of summer, MTN DEW is hosting its first-ever MTN DEW Cooler Quest: an outdoor search where 50 premium, insulated backpack coolers filled with new MTN DEW STAR SPANGLED SPLASH™, MTN DEW FREEDOM FUSION™ and MTN DEW LIBERTY CHILL™ as well as a $250 gift card will be hidden across the country for fans to find.

Here’s how to embark on the MTN DEW Cooler Quest:

  • Mark your calendars for Thursday, June 20 – the first day of summer – for the MTN DEW Cooler Quest to begin, a one-day-only outdoor search across the country.
  • Head over to www.mtndewcoolerquest.com at 12:00 PM ET on June 20 to see the exact GPS coordinates of the 10 outdoor locations across popular, beloved parks. Each location will have 5 coolers waiting to be discovered, so grab some friends and some gear and start searching!

“There are two things our MTN DEW fans look forward to every summer – new limited-edition flavors and a chance to spend more time outdoors. This year, we decided to give our fans what they want by merging these two passions with this latest MTN DEW offering that’s bound to fuel their outdoor adventures,” said JP Bittencourt, Vice President of Marketing at MTN DEW.

The MTN DEW Cooler Quest is a continuation of the brand’s efforts of celebrating the outdoors as the brand launched the MTN DEW Outdoor Gear rewards program earlier this year, which offers MTN DEW drinkers the opportunity to score an assortment of outdoor gear with the purchase of specially marked MTN DEW flavors.  

To learn more about the new MTN DEW RED, WHITE & BLUE offerings and the MTN DEW Cooler Quest, follow @MountainDew on InstagramX, and TikTok

About MTN DEW
MOUNTAIN DEW®, a product of PepsiCo Beverages North America, is the No. 1 flavored carbonated soft drink in the U.S. With its one-of-a-kind citrus taste, MOUNTAIN DEW exhilarates and quenches with every sip. For more information, check out www.mountaindew.comwww.facebook.com/mountaindew or follow on X @mountaindew.

About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo (NASDAQ: PEP) generated more than $91 billion in net revenue in 2023, driven by a complementary beverage and convenient foods portfolio that includes Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on X (Twitter), Instagram, Facebook, and LinkedIn @PepsiCo.

SOURCE PepsiCo

At our core, we at STM Daily News, strive to keep you informed and inspired with the freshest content on all things food and beverage. From mouthwatering recipes to intriguing articles, we’re here to satisfy your appetite for culinary knowledge.

Visit our Food & Drink section to get the latest on Foodie News and recipes, offering a delightful blend of culinary inspiration and gastronomic trends to elevate your dining experience.

https://stmdailynews.com/category/food-and-beverage

You can also find food and beverage-related videos on our YouTube channel, where we regularly post new content and share tips, recipes, and demonstrations. https://youtube.com/playlist?list=PLEhXBupt8tVynuUhpQZMxQt4lvPmOiAtQ&si=InDwc7YaB0KIwmxy

Author


Discover more from Daily News

Subscribe to get the latest posts sent to your email.

Continue Reading

Beverages

Jason & Travis Kelce Join Forces for The First Time as Owners and Operators of Garage Beer

Published

on


The Brothers Join Team as the Largest Investors in the Fast-Growing Independent Light Beer Brand

COLUMBUS, Ohio /PRNewswire/ — For the first time, Jason and Travis Kelce are teaming up as significant owners and operators of a business – and of course, it is with one of the fastest growing beer brands in the country, Garage Beer! The small batch brewed, classic light beer was founded in their home state of Ohio and has been growing rapidly across the country.

Garage Beer
Jason Kelce and Travis Kelce team up as significant owners and operators of Garage Beer

The Kelce brothers are passionate about beer and business and have talked for years about partnering together in the category. With this passion, they wanted to be thoughtful and find the right opportunity with the highest quality brewery and brand that aligned with their values of how a business should be run. And most importantly, a company built to serve the customer. Jason and Travis believe that beer should be fun, and they want to partner with a brand that embodies the spirit of a neighborhood feel, a light beer all will enjoy. Serendipitously, through a prior relationship, the Kelces’ learned about Garage Beer and for the past two years have been laying the groundwork to join forces with the company.

The brothers join Garage as significant investors, partners, owners, and operators. Jason and Travis will be involved in every aspect of the business, including brewing, distribution, sales, marketing, and national expansion efforts. Retail displays will be in stores shortly along with social content, billboards, and other promotional activities.

The Garage Beer recipe was originally created in Cincinnati, Ohio (where Jason and Travis both played college football for the Cincinnati Bearcats) and the business headquarters is now just north in Columbus, Ohio. The beer is currently sold in Ohio, Kentucky, Tennessee, Indiana, Pennsylvania, Wisconsin, Michigan, Illinois, Missouri, West Virginia, Idaho, Montana, and New Jersey… with planned expansion into dozens of new states this year.

“People crave quality and simplicity, and Garage Beer nails both for me. We are light beer drinkers and Garage is the best light beer,” said Jason Kelce. “For me, the brand fits my lifestyle, and having a few beers is a great excuse to get the neighbors together.”

“It comes down to quality for me. I think everyone knows I like to have a couple beers now and then, so being an owner of Garage Beer and heavily involved in making the best light beer is exciting, man! There is nothing better to bring people together than an ice-cold beer, and for Jason and me that is what beer is all about – friends, family and fun. I have worked with Andy for years and I really trust the team and their approach to running the business. We look forward to taking Garage Beer to the next level,” added Travis Kelce.

“We want a beer that tastes like beer and one that keeps the stories alive in the neighborhood. Garage prides ourselves on small batch brewing and a commitment to quality. Ever since our first conversation with Travis and Jason, it was clear we had similar opinions about beer, but they also had brilliant, and very funny, business sensibility. Our team better be on their toes now,” quipped Garage Beer co-owner Andy Sauer. “The garage is a symbol for building stronger communities one beer at a time, and I think we can all use more time with friends, family, and neighbors to talk, smile, laugh, and enjoy that time together.”

Garage Beer is a 4% ABV, 95 Calories and 3g Carbohydrate light lager beer served in two varieties: classic regular and lime. Merchandise store and beer finder. Garage Instagram and Twitter.

SOURCE Garage Beer

At our core, we at STM Daily News, strive to keep you informed and inspired with the freshest content on all things food and beverage. From mouthwatering recipes to intriguing articles, we’re here to satisfy your appetite for culinary knowledge.

Visit our Food & Drink section to get the latest on Foodie News and recipes, offering a delightful blend of culinary inspiration and gastronomic trends to elevate your dining experience.

https://stmdailynews.com/category/food-and-beverage

You can also find food and beverage-related videos on our YouTube channel, where we regularly post new content and share tips, recipes, and demonstrations. https://youtube.com/playlist?list=PLEhXBupt8tVynuUhpQZMxQt4lvPmOiAtQ&si=InDwc7YaB0KIwmxy

Author


Discover more from Daily News

Subscribe to get the latest posts sent to your email.

Continue Reading

Trending