AWAKE Chocolate Secures $8 Million CAD for Growth Initiatives
AWAKE Chocolate Secures Major Investment for Expansion
AWAKE Chocolate, renowned for its innovative caffeinated chocolate bites and bars, has successfully closed an important investment round, raising $8 million CAD. This significant funding comprises a substantial contribution of $5 million CAD from Btomorrow Ventures (BTV) and an additional $3 million CAD from BDC Capital. This achievement brings the total investment in AWAKE Chocolate to an impressive $15.5 million CAD, highlighting robust investor confidence in the brand's growth and unique offerings.
Strategic Plans Following the Investment
With this new funding, AWAKE Chocolate is poised to accelerate its growth trajectory and market presence. The investment will be used to enhance supply chain efficiencies, allowing for expanded co-manufacturing partnerships and new supplier arrangements. This strategic move is aimed at meeting the increasing consumer demand for their delicious products.
Innovative Product Development
AWAKE Chocolate plans to delve deeper into research and development, focusing on product innovation to cater to a broader audience. With a commitment to quality, each product combines Fairtrade chocolate with the energizing benefits of caffeine, providing consumers a delightful alternative to traditional coffee and energy drinks.
Market Presence and Sales Growth
The company has experienced phenomenal growth since its inception, seeing sales approaching $30 million this year. AWAKE Chocolate products are now available in over 3,000 locations across Canada, including major retailers such as Shoppers Drug Mart and Costco, and have expanded into 15,000 locations in the United States, encompassing both food service and vending setups.
Leadership Insights and Vision
Adam Deremo, CEO and Founder of AWAKE Chocolate, expressed enthusiasm about the new funding and the strategic partnership with BDC, emphasizing the incredible growth and demand for their products. The funding is seen as a vital step towards scaling operations, enhancing their product line, and reaching more consumers across North America.
Building Brand Awareness Through Marketing
In addition to operational improvements, a significant portion of the investment will be allocated to marketing initiatives. AWAKE Chocolate plans to implement influencer partnerships, robust ambassador programs, and participation in key industry events to elevate brand awareness and engage new customer segments effectively.
Lukasz Garbowski, Chief Investment Officer at BTV, highlighted the importance of the wellness and stimulation sector, indicating that AWAKE Chocolate fits perfectly into this trend as consumers prefer healthier, functional options in their diets.
Product Variety and Quality Commitment
AWAKE Chocolate offers a delectable array of flavors, including Peanut Butter, Salted Caramel, and both Dark and Milk Chocolate varieties, ensuring there is a taste for everyone. Their commitment to quality is evident as all products are crafted without artificial colors or flavors, are gluten-free, and kosher certified, with dark chocolate options also being vegan-friendly.
About AWAKE Chocolate
Founded in 2012 by Adam Deremo, Matt Schnarr, and Dan Tzotzis, AWAKE Chocolate set out to provide a delicious and effective caffeine alternative to traditional energy sources. As the pioneer of functional chocolate, AWAKE emphasizes great taste while using simple ingredients that promote energy and focus.
To discover more about AWAKE Chocolate and view their complete range of products, visit their official website.
Frequently Asked Questions
What is AWAKE Chocolate's unique selling point?
AWAKE Chocolate offers functional, caffeinated chocolate that provides a delightful alternative to traditional energy sources like coffee and energy drinks.
How much funding did AWAKE Chocolate recently secure?
AWAKE Chocolate secured $8 million CAD in their latest investment round.
Who are AWAKE Chocolate's primary investors?
The significant investors include Btomorrow Ventures and BDC Capital.
Where are AWAKE Chocolate products available?
The products can be found in over 3,000 locations across Canada and 15,000 locations in the United States.
What commitments does AWAKE Chocolate make regarding product quality?
AWAKE Chocolate prides itself on using simple ingredients, ensuring products are free from artificial colors and flavors, gluten-free, and kosher certified.
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