Plant-based snack and beverage company, Buddha Brands, has announced a CAD 5.25 million (approx. $3.9 million) round of funding from capital investor, Fondaction.

Headquartered in Montreal, Canada, Buddha Brands makes ‘better-for-you’ plant-based products that are low in added sugar, with an emphasis on clean ingredients.

The investment will support Buddha Brands’ product development efforts, and help the brand to grow production and accelerate its penetration into the US market.

Buddha Brands’ CEO and co-founder, Christopher Magnone, commented: “Fondaction’s support comes at the right time as we continue to expand distribution and push forward with promoting better eating habits in North America. Generating more market awareness for Buddha Brands and our plant-powered, clean-ingredient snacks and beverages will remain a key focus for the business.”

Claire Bisson, deputy head of investment, impact and sustainability at Fondaction, added: “This investment is encouraging the supply and accessibility of plant-based, better-for-you foods, which will positively impact society’s overall health and wellness”.

Buddha Brands can be found in over 5,000 retail locations across Canada and the US with distribution across independent food stores, grocery chains, convenience stores and online shopping platforms.

#BuddhaBrands #Canada #Fondaction #US