Olyra Meals secures funding from Bimbo Ventures

MEXICO CITY — Bimbo Ventures, the enterprise capital arm of Grupo Bimbo SAB de CV, has made a minority funding in Olyra Meals, a Wilmington, Del.-based producer of natural and dietary breakfast biscuits made with stone milled historical Greek grains. Monetary phrases of the funding weren’t disclosed.

Olyra Meals was based in 2017 by Yannis Varellas. Mr. Varellas, who is also chief government officer of Olyra, drew on inspiration from his household’s grain mill in Thrace, Greece, to create a line of biscuits that embrace barley, oats, spelt and lupine. The biscuits are natural and non-GMO and have 4 grams of fiber, 5 grams of protein and 6 grams of sugar per serving.

The corporate’s first merchandise have been crunchy breakfast biscuits in flavors equivalent to hazelnut carob, cinnamon tahini and fig anise. Over the previous a number of years Olyra has expanded its choices to incorporate sandwich breakfast biscuits in double chocolate, hazelnut cocoa and Greek yogurt blueberry varieties, and extra just lately, stuffed breakfast biscuits in peanut butter, almond butter and double chocolate flavors.

Olyra distributes its merchandise on-line and in additional than 5,000 retail areas throughout america. The funding from Bimbo Ventures can be used to fund Olyra’s growth in retail and on-line marketplaces, the corporate stated.

“Olyra, in a really genuine approach, has tapped right into a shopper want for extra nutritious and scrumptious breakfast options,” stated Constantino Matouk, vp of Bimbo Ventures. “We’re excited to work with them to assist develop the enterprise and broaden availability of Olyra’s merchandise to extra shoppers.”

Bimbo Ventures was established in April 2017 as a brand new space of Grupo Bimbo that goals to strengthen the connection with joint ventures and to determine and develop startups with disruptive know-how or concepts, significantly in areas equivalent to substances, manufacturing, industrial, distribution and new merchandise. Along with Olyra, Bimbo Ventures has made minority investments in Jüsto, a Latin American e-grocery retailer; LiveKuna, a vertically built-in provider of gluten-free snacks and pantry staples; and Rule Breaker Snacks, a maker of vegan, gluten-free, allergen-friendly snacks.

“These previous few years have been thrilling as we’ve labored towards providing shoppers new dietary breakfast choices,” Mr. Varellas stated. “We’re trying ahead to working with Bimbo Ventures as we proceed our progress and growth into the market.”