Grain de Sail has sold a minority stake to GO CAPITAL, Bpifrance and other investors
Grain de Sail, France’s leading producer of organic coffee and chocolate and a pioneer in sail-powered freight transport, has completed a capital increase subscribed by a group of investors led by GO CAPITAL and Bpifrance. The transaction provides new financial resources to support the company’s development and strengthen its position in the sustainable food and low-carbon maritime transport markets.
Grain de Sail is a French company operating a hybrid business model built around two core business lines. Its primary area of operations is the production and distribution of organic chocolate and coffee, representing 98 percent of its revenue. Raw materials and selected goods, such as rum from Guadeloupe and soon products from the USA, are transported on its two owned cargo sailboats, specifically designed to enable low-carbon transatlantic crossings. The company also provides freight services for third parties on the transatlantic route, currently accounting for two percent of revenue. To avoid returning from the Americas with empty vessels, Grain de Sail plans to transport US goods back to France, supporting the expansion of this activity. The company primarily markets its products in western France through distributors, including supermarket chains and other leading food retailers, which represent 82 percent of its revenue. Grain de Sail operates its own chocolate factory in Morlaix, Northwest France, and sells its products online nationwide.
GO CAPITAL is an asset management firm with over US$405 million (€350 million) under management across early-stage and venture capital funds, investing in innovative technology companies based in France.
Oaklins’ team in France acted as the fundraising advisor to Grain de Sail in this transaction.
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