Oakberry Funding, Investors & Competitors

Oakberry has raised $102M across 3 funding rounds, most recently a $20M undisclosed-stage round in May 2024.

Last Oakberry funding round

$20M

Undisclosed stage · May 2024

Cumulative funding Oakberry raised

$102M

across 3 funding rounds

Key investors in Oakberry

Oakberry Overview

About Oakberry

Oakberry is a global chain originating from Brazil specializing in acai bowls, smoothies, and healthy snacks made with organic acai, fresh fruits, and superfoods. Present in over 20 countries including the United States, Europe, and Asia, it operates franchise and corporate stores emphasizing natural, gluten-free options.


Founded

2015

HQ

BrazilSão Paulo

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Oakberry Funding History

Oakberry has raised a total of $102M across 3 funding rounds.

Oakberry's first fundraising round was a $16M undisclosed-stage round in January 2021. The most recent completed round was a $20M undisclosed-stage round in May 2024.

Oakberry funding rounds

Oakberry funding rounds
DateStageInvestorsRaisedDeal Summary
May 2024Undisclosed stageMoriah Asset (lead)$20MOakberry is a Brazil-based açaí franchisor founded in 2016, operating over 750 locations in Brazil and 50 other countries, with a focus on customizable açaí bowls and smoothies sourced sustainably from the Amazon. The company specializes in the health and wellness segment, emphasizing global expansion particularly in the U.S. and Europe. On May 22, 2024, Moriah Asset invested BRL 100 million (approximately USD 19.6-20.51 million) in Oakberry as an extension to the prior BTG Pactual round, classified as an unattributed or private placement round. The funds are designated for reacquiring franchises to enhance operational efficiency and product uniformity, as well as accelerating international growth and market penetration, including plans for over 200 U.S. stores by 2026. This follows a Series C round in December 2023 where BTG Pactual invested BRL 325 million (USD 67 million) to support U.S. expansion and open 300 new stores by end-2024. Oakberry's total funding raised across rounds exceeds $100 million. Financial traction includes 2024 revenue of $200 million, reflecting strong growth amid rapid store openings—over 150 new locations in 2023 alone. The investment by Moriah Asset, led by Fabiano Zettel, underscores confidence in Oakberry's positioning in the wellness sector, with the firm's portfolio valued at R$1.8 billion.
Dec 2023Series CBanco BTG Pactual (lead)$66M-
Jan 2021Undisclosed stageKilima Asset (lead)$16MOakberry, a Brazilian açaí bowl brand founded in 2016, raised approximately $16.67-17.3 million in a private funding round in January 2021 from Kilima Asset and Monte Bravo to invest in vertical operations and initial growth. The funds supported the company's international expansion efforts in the food and beverage sector. Kilima Asset, an asset manager focused on promising companies including in food and beverage, led the investment. This marked Oakberry's first private round, preceding later financings such as a $10.3 million green Agribusiness Receivables Certificate in 2022 and a Series C of $67 million (325 million BRL) in December 2023 led by BTG Pactual for U.S. and global expansion to over 1,000 stores. By 2023-2024, Oakberry operated 700 stores in more than 40 countries with aims to exceed $200 million in revenue and open 300 new U.S. stores by end-2024.

Who has invested in Oakberry?

3 investors have backed Oakberry across its funding rounds, including Banco BTG Pactual, Moriah Asset and Kilima Asset.

Lead investors include Moriah Asset, Banco BTG Pactual and Kilima Asset.


Oakberry Investors

Investors in Oakberry by funding rounds participated
InvestorHQRoundsRoleFirst check
Kilima AssetBrazilSão Paulo1LeadJan 2021

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Oakberry Competitors

Oakberry competitors include listed companies like McDonald's, Starbucks, Compass Group and Chipotle, and private ones like CloudKitchens and HeyTea.

Public and private companies comparable to Oakberry
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
McDonald'sUnited StatesUnited StatesPublicly listed$27B$15B$176B8.2x
StarbucksUnited StatesUnited StatesPublicly listed$37B$4.7B$110B3.4x
Compass GroupUnited KingdomUnited KingdomPublicly listed$46B$4B$53B1.2x
ChipotleUnited StatesUnited StatesPublicly listed$12B$2.3B$42B3.7x
CloudKitchensUnited StatesLos Angeles, CAPrivate$1.1B-$15B13.6x
HeyTeaChinaShenzhenPrivate$58M-$9B-

Oakberry Public Comps

Oakberry is still privately-owned, but its public comps include McDonald's, Starbucks, Compass Group, Chipotle, Yum Brands, Restaurant Brands International, Restaurant Brands International LP, Darden Restaurants, Yum China and Indian Hotels.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
McDonald's$27B$15B8.5x8.2x15.7x15.0x
Starbucks$37B$4.7B3.5x3.4x27.4x22.0x
Compass Group$46B$4B1.3x1.2x15.3x11.9x
Chipotle$12B$2.3B4.0x3.7x20.5x20.4x
Yum Brands$8.2B$2.8B5.9x5.6x17.2x16.3x
Restaurant Brands International$9.4B$2.5B4.5x4.3x17.0x13.6x
Restaurant Brands International LP$9.4B$2.5B4.2x-16.1x-
Darden Restaurants$13B$2.1B2.2x2.2x13.8x13.5x

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Common questions about Oakberry

When was Oakberry founded?Oakberry was founded in 2015.
Where is Oakberry headquartered?Oakberry is headquartered in São Paulo, Brazil.
Is Oakberry publicly listed?No, Oakberry is a private, VC-backed company.
How much funding has Oakberry raised?Oakberry has raised $102M across 3 funding rounds.
What was Oakberry's last funding round?Oakberry's last funding round was a $20M undisclosed-stage round in May 2024, led by Moriah Asset.
Who are Oakberry's investors?Oakberry's investors include Kilima Asset, Moriah Asset and Banco BTG Pactual.
Which companies are comparable to Oakberry?Companies comparable to Oakberry include McDonald's, Starbucks, Compass Group, Chipotle, CloudKitchens and HeyTea.

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