Cologne-based Food startup The Oater announces it has closed a seven-figure pre-seed financing round. The Oater’s first product is an oat drink machine for the food service sector, producing fresh barista oat drinks on-site with minimal packaging.
Renowned business angels with strong connections to the food and tech sectors contributed to the successful fundraising of the startup’s capital. Notably, Rüdiger Koppelmann, General Manager of SodaStream, was the main investor in this round.
“I have no doubts that The Oater will revolutionize the dairy replacement market”
In addition to securing financing through this funding round, the startup also obtained significant six-figure grants. Among these grants is the €75,000 WomenTech EU grant, which supports talented and highly educated female founders in the tech industry. This financial boost will play a crucial role in facilitating the market entry and initial series production of its innovative oat drink machines.
Oat Drink as a Service
Emphasizing freshness and genuine sustainability, The Oater adopts a unique business model known as “Oat Drink as a Service.” As well as providing oat drink machines to gastronomy clients, the business operates on a subscription basis, supplying the oat drink machine and also offering the necessary ingredients for producing barista-quality oat drinks within the machine itself.
In August 2023, the pilot phase will begin in Cologne and Berlin in the first catering establishments. The Barista Oat Drink has already performed very well in sensory panels and barista tests. The Oater will soon start the first series production in Germany and the ambitious founding team is looking forward to the following commercial launch.
Further information at www.oater.de.
