Buddha Brands receives $5.25 million investment funding from Fondaction
Brand began distributing products in the U.S. market in 2020.
Buddha Brands, makers of better-for-you, plant-based snacks and beverages, has announced a $5.25 million round of funding from capital investor Fondaction, whose commitment to the positive transformation of the local Quebec economy will help support their new phase of growth. The company, which is headquartered in Montreal, Quebec, makes plant-based snacks and beverages that are low in added sugar and stand out due to their nutritional value, with an emphasis on clean, purposeful ingredients. The investment will allow Buddha Brands to hire more resources, develop new products, increase production of its Hungry Buddha nutrition bars in Quebec, and accelerate its penetration in the U.S. market.
Buddha Brands was founded in 2012 with a simple mission to redefine what it means to live well. Today, the company employs 21 people and offers a range of plant-based snacks and beverages including Thirsty Buddha coconut water, Thirsty Buddha sparkling coconut water, and Hungry Buddha nutrition bars.