BTV closes CAD 5 million funding round with Awake

Starting 2023 on a high note

We are delighted to announce that we have closed a CAD 5 million funding round with our Canadian portfolio company,?Awake Chocolate.?Awake makes functional chocolate, offering either energy or relaxation, as well as an unmatched taste. This funding positions Awake to take the next step in its growth plan: rapidly scaling existing channels and setting the stage for future growth in new channels.?

Awake, the company, has two distinct brands, AWAKE and mello. Awake is a line of premium chocolates infused with caffeine and available in various flavours and formats – perfect for that 3pm slump.

Awake’s co-founder and CEO, Adam Deremo says: “BTV has truly been a value-added investor for AWAKE, pushing us to think bigger in our strategic plans, connecting us with operating partners that helped open new doors, and creating opportunities to network with other founders.?So, we couldn’t be happier to further the relationship."

BTV Investment Director, Lukasz Garbowski adds: “Despite being one of BTV’s first investments, the partnership between Awake, BAT and BTV has been a great example of corporate venture capital done right. This funding round is a testament to that, and we cannot wait to support Awake’s growth in 2023.”

A big thanks goes to Lukasz Garbowski, Peter Wozny , Sam Morris , Fiona Kinghorn , Kory S. and the whole BTV team for making this funding round a success.