Industrifonden in partial exit from Oatly

Industrifonden, the VC company from Sweden, sells the majority of its shares in Oatly.

The exit comes after 15 years of involvement, since 2002 when Industrifonden firstly took an equity position in Oatly, with roots from Lund University. Since then, Industrifonden invested SEK 60M and has until now been one of the company's principal owner. Buyers are international investors Verlinvest and China Resources, through a newly formed joint venture company, which will now help the company to expand globally.

Industrifonden is one of the Nordic's largest venture capital investor in early-stage growth companies. Oatly, founded in the 1990s, and based on Swedish research from Lund University, is one of the Nordic’s leading ethical and sustainable lifestyle brands and a leader among Nordic foodtech companies.

The proceeds from the partial exit will be reinvested into Industrifonden’s evergreen fund, and back other early-stage tech and life science pioneers. Industrifonden retains a smaller stake in Oatly, and welcomes a new international partner that will support the growth strategy in new key markets, and the further globalisation of Oatly.