Chobani Secures $650 Million Funding, Reaches $20 Billion Valuation Amid Expansion Plans
The popular Greek yogurt brand Chobani has reportedly secured $650 million in fresh funding, pushing its valuation to $20 billion. Sources indicate this capital will finance significant plant expansions in New York and Idaho, creating over 1,000 new jobs. According to reports, the company is on track to reach $3.8 billion in sales this year.
Chobani’s Major Funding Milestone
Chobani, the renowned Greek yogurt manufacturer, has reportedly secured a substantial $650 million funding round, according to recent financial reports. This investment reportedly pushes the company’s total valuation to an impressive $20 billion, marking a significant milestone for the yogurt industry leader. Sources indicate this capital infusion will accelerate the company’s ambitious expansion strategy across its manufacturing facilities.
