Healthy breakfast provider Oatbox closes $1.55 mln seed round

Oatbox, a Montréal supplier of healthly breakfast products, has raised $1.55 million in a seed-stage financing. The strategic investors in the round were not disclosed. Founded in 2014, Oatbox has created a subscription-based model for delivering new granola mixes and breakfast cereal bars directly to its customers. By the end of this year, it plans to significantly increase the company's subscriber base in North America. Led by CEO Marc-Antoine Bovet, Oatbox will use the funds raised for marketing efforts, development of its product offering, increasing production capacity, and other priorities.

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