Oatside Revenue, Valuation, Funding & Investors

Oatside is valued at $705M as of November 2025.

Last Oatside valuation

$705M

Secondary · Nov 2025

Last Oatside funding round

$43M

Undisclosed stage · Aug 2025

Oatside revenue

$37M

Undisclosed stage · Aug 2025

Key investors in Oatside

  • Temasek
  • GGV Capital
  • TR Capital
  • AC Ventures
  • HTC
  • Granite Asia

Oatside Overview

About Oatside

Oatside, operated by Float Private Limited, is a Singapore-based oat milk manufacturer that launched Singapore's first oat milk brand in 2022. The company controls its supply chain end to end, from sourcing Australian oats and spring water to in-house manufacturing, and its product line includes oat milk, flavored milk, oat lattes, and ice cream. Oatside sells across Singapore, Malaysia, Indonesia, South Korea, and Taiwan, positioning itself to lead the shift toward plant-based milk in Asia.


Founded

2020

HQ

SingaporeSingapore

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$37M (Aug 2025)

Valuation

$705M (Nov 2025)

Oatside Valuation

Oatside is currently valued at $705M, based on its secondary sale in November 2025.

The round was led by Far East Capital.

Oatside's valuation has grown 3.1x from $226M at its Series A in August 2022 to $705M in November 2025, across 3 priced rounds.

Oatside valuation by funding round

Revenue multiple
Oatside valuation by funding round
DateStageValuationRevenue Multiple
Nov 2025Secondary$705M-
Aug 2025Undisclosed stage$705M19.1x
Aug 2022Series A$226M-

Oatside Revenue

Oatside's latest recorded revenue is $37M, as of its undisclosed-stage round in August 2025. At a $705M valuation, that implies a 19.1x revenue multiple.

Oatside revenue by funding round

Oatside revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Aug 2025$37M$705M19.1xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Oatside Funding History

Oatside has raised a total of $144M across 3 funding rounds, plus 1 secondary share sale.

Oatside's first fundraising round was a $65M Series A in August 2022. The most recent completed round was a $43M undisclosed-stage round in August 2025.

Oatside funding rounds

Oatside funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2025SecondaryFar East Capital (lead)-$705MOatside is a Singapore-based manufacturer of oat milk products, including plain oat milk, chocolate milk, and oat latte, capitalizing on demand for plant-based alternatives for health and dietary benefits. In late November 2025, Far East Capital, the family office of real estate developer Far East Organization, acquired preference shares in Oatside through a secondary sale from early investor Mugi Capital. Mugi Capital divested more than half of its stake, transferring portions to Far East Capital and existing Oatside stakeholders. The transaction occurred at an implied valuation of US$705 million, based on a DealStreetAsia calculation from August 2025 featuring a share price of US$240. Far East Capital's acquired stake was estimated at US$4.57 million under this valuation. This secondary market round marks Oatside's latest funding activity as of November 2025.
Aug 2025Undisclosed stageMorning Brew; Blue Ark Venture Capital; Juniper Park Capital; TR Capital; Gabriel Farnezi De Melo; Grant Wee Jingsi; Benedict Lim Wei Han; HTC; Granite Asia; Tail Wind Holdings; Eternal Brilliant Investment; One Skyline$43M$705MOatside is an Asia-Pacific oat milk manufacturer based in Singapore that has emerged as a market leader in the region. The company produces oat milk and has expanded into complementary products including ice cream with flavors such as Mocha, Salted Caramel, and Chocolate Malt varieties. In 2023, Oatside achieved significant traction with a threefold increase in revenue, surpassing SGD 50 million (approximately USD 37 million), while simultaneously reducing operating losses by 59% to SGD 1.4 million. The company raised SGD 47.9 million (approximately USD 35.3 million) in an ongoing Series B funding round led by private equity firm TR Capital and VC investor Granite Asia, with potential additional capital from AC Ventures and Temasek bringing the round total to SGD 100 million (approximately USD 74 million). According to DealStreetAsia's calculation in August 2025, Oatside was valued at USD 705 million on a post-money basis at a share price of USD 240. Prior to the Series B, Oatside had raised USD 65.6 million in a Series A round in 2022 co-led by Temasek Holdings and USD 7.6 million in another raise, bringing total historical funding to over USD 118 million before this round.
Jun 2024Series BTemasek; TR Capital; Tangram Asia Capital; AC Ventures; GGV Capital$35M-Oatside is a Singapore-based oat milk manufacturer that has expanded across Asia-Pacific, offering products like oat milk, ice cream, and flavored variants such as Chocolate Malt. In June 2024, it secured S$47.9M ($35.3M) in its ongoing Series B funding round from investors including TR Capital (S$29.5M), Granite Asia (S$18.4M), with potential additional financing from AC Ventures, Temasek Holdings, and others, potentially totaling S$100M ($74M). This follows a $65.6M Series A in 2022 co-led by Temasek and a $7.6M raise in 2023, bringing total funding past $118M. The company reported a threefold revenue increase in 2023, surpassing S$50M ($37M), while losses shrunk 59% to S$1.4M ($1M). Revenue doubled again in 2024 amid expansion, though costly growth widened losses. Oatside has launched new products like ice cream flavors in late 2023 and continued innovation into 2024. An early investor secondary sale occurred in late November 2025 to Far East Capital.
Aug 2022Series AGGV Capital (lead); Temasek (lead)$65M$226MFloat Private Limited, operating as Oatside, is the producer of Singapore's first oat milk brand, launched in 2022 and tailored for Asian palates with a maltier taste using Australian oats and natural spring water. The company functions as a full-stack producer, controlling its supply chain from sourcing to in-house manufacturing, and offers flavors including Barista Blend, Chocolate, and Chocolate Hazelnut. Products are available in Singapore, Malaysia, Indonesia, South Korea, and Taiwan, positioning Oatside to lead the plant-based milk shift in Asia with an emphasis on sustainability, affordability, and local taste preferences. In May 2022, Oatside (Float Private Limited) closed an approximately S$90 million ($65.5-65.6 million USD equivalent) Series A funding round co-led by Temasek Holdings and GGV Capital, with participation from Arabica International, Wee Teng Wen, and existing investor Proterra Investment Partners Asia. The round valued the company at over S$290 million post-money on a post-completion basis. Funds are intended to expand production capacity and market reach across Singapore and the Asia-Pacific region. Founded by Benedict Lim, former CFO at Kraft Heinz Indonesia, Oatside emerged from pandemic-era experimentation to create a plant milk appealing to non-plant-milk drinkers. Later developments include a secondary market transaction in late November 2025 where early investor Mugi Capital sold preference shares to Far East Capital, and cumulative funding reaching $100.95M over three rounds by late 2025.

Who has invested in Oatside?

17 investors have backed Oatside across its funding rounds, including Temasek, GGV Capital, TR Capital, AC Ventures, HTC and Granite Asia.

Lead investors include Far East Capital, GGV Capital and Temasek.


Oatside Investors

Investors in Oatside by funding rounds participated
InvestorHQRoundsRoleFirst check
TemasekSingaporeSingapore2LeadAug 2022
TR CapitalHong KongHong Kong2ParticipantJun 2024
GGV CapitalUnited StatesSan Francisco, CA2LeadAug 2022
Morning BrewUnited StatesNew York City, NY1ParticipantAug 2025
Blue Ark Venture CapitalUnited StatesUnited States1ParticipantAug 2025
Juniper Park CapitalUnited StatesNew York City, NY1ParticipantAug 2025
Gabriel Farnezi De Melo--1ParticipantAug 2025
Grant Wee Jingsi--1ParticipantAug 2025
Benedict Lim Wei Han--1ParticipantAug 2025
HTCTaiwanTaoyuan1ParticipantAug 2025
Tangram Asia CapitalSingaporeSingapore1ParticipantJun 2024
Granite AsiaSingaporeSingapore1ParticipantAug 2025
AC VenturesIndonesiaIndonesia1ParticipantJun 2024

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Oatside Competitors

Oatside competitors include listed companies like Oatly and Once Upon a Farm, and private ones like Eat Just, Perfect Day, v2food and Believer Meats.

Public and private companies comparable to Oatside
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eat JustUnited StatesSan Francisco, CAPrivate--$750M-
Perfect DayUnited StatesSan Francisco, CAPrivate--$600M-
v2foodAustraliaSydneyPrivate--$559M-
Believer MeatsIsraelJerusalemPrivate--$900M-
OatlySwedenSwedenPublicly listed$862M($39M)$395M1.0x
Once Upon a FarmUnited StatesUnited StatesPublicly listed$241M($14M)$694M2.0x

Oatside Public Comps

Oatside is still privately-owned, but its public comps include Once Upon a Farm, Suedwestdeutsche, Ülker, Dodla Dairy, Agthia Group, Westrock Coffee, Carozzi, First Milling, Juhayna Food Industries and Kasapreko.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Once Upon a Farm$241M($14M)2.5x2.0x(44.5x)177.1x
Suedwestdeutsche$396M$74M1.8x-9.5x-
Ülker$2.3B$214M0.7x0.6x7.5x4.0x
Dodla Dairy$430M$36M1.4x1.3x17.0x17.5x
Agthia Group$1.3B$126M0.8x0.8x8.8x7.2x
Westrock Coffee$1.2B$14M1.3x1.3x107.9x17.7x
Carozzi$1.7B$217M0.9x-6.8x-
First Milling$306M$110M3.5x3.3x9.7x9.5x

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Common questions about Oatside

When was Oatside founded?Oatside was founded in 2020.
Where is Oatside headquartered?Oatside is headquartered in Singapore.
Is Oatside publicly listed?No, Oatside is a private, VC-backed company.
What is Oatside's valuation?Oatside was last valued at $705M in its secondary sale in November 2025.
How much funding has Oatside raised?Oatside has raised $144M across 3 funding rounds.
What was Oatside's last funding round?Oatside's last funding round was a $43M undisclosed-stage round in August 2025.
Who are Oatside's investors?Oatside's investors include Temasek, TR Capital, GGV Capital, Morning Brew, Blue Ark Venture Capital, Juniper Park Capital, Gabriel Farnezi De Melo, Grant Wee Jingsi, Benedict Lim Wei Han, HTC and 7 others.
What is Oatside's revenue?Oatside's latest recorded revenue is $37M (August 2025).
What is Oatside's revenue multiple?Oatside's latest valuation implies a 19.1x revenue multiple ($705M valuation on $37M of revenue).
Which companies are comparable to Oatside?Companies comparable to Oatside include Eat Just, Perfect Day, v2food, Believer Meats, Oatly and Once Upon a Farm.

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