About Buddha Brands
Buddha Brands is a Consumer company based in Montreal (Canada) founded in 2010 by Mark Cigos. Snack bars are produced and distributed by Buddha Brands. Buddha Brands has raised $8.25 million across 2 funding rounds from investors including BDC, Fondaction and Invest Quebec. Its focus areas include Food and Agriculture, Food & Beverage Products, Convenience Foods and Snacks. Its competitors include lovegoodfats, Multibar and ElevateMe; 1 of its 3 listed competitors has raised funding.
Company details
Buddha Brands was established in 2010 in Montreal, Canada, with Mark Cigos serving as co-founder. Operations are centered on the snack food sector, where snack bars are manufactured and sold through various channels. The company maintains its headquarters in Montreal and focuses on product distribution primarily within Canada, supported by its online domain buddhabrands.com for broader reach. Core activities involve product development and retail partnerships in the health-oriented snack market.
- Headquarters Montreal, Canada
- Founders Mark Cigos
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website buddhabrands.com/password
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$8.25M (USD)
in 2 rounds
- Latest Funding Round$5.25M (USD), Series A
Oct 2022
- InvestorsBDC
& 2 more
Funding Insights of Buddha Brands
Buddha Brands has successfully raised a total of $8.25M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.25 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $8.25M
- Total Rounds 2
- Last Round Series A — $5.25M
- First Round $3M
(Jul 2021)
- Investors Count 3
All 2 funding rounds of Buddha Brands with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $5.25M | Series A | – | Fondaction | – |
| Jul 2021 | $3M | Seed | – | BDC |
3 investors in total: 3 institutional.
Investors in Buddha Brands
Buddha Brands has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include BDC, Fondaction and Invest Quebec.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offers sustainable finance and REER for individuals and businesses. | 1996 | fondaction.com | Montreal, Canada | |
Business guidance for corporate companies and startups | investquebec.com | Quebec City, Canada | ||
Commercial banking services for small and medium-sized enterprises are provided. | 1944 | bdc.ca | Montreal, Canada |
Investor details for Buddha Brands
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People of Buddha Brands
4 people are tracked at Buddha Brands (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Mark Cigos | Co-Founder | Leadership |
Christopher Magnone | Co-Founder, CEO | Leadership |
Michael E Magnone | Co-Founder, VP Customer Development USA | Leadership |
Joshua West | Financial Controller | Team |
Complete people profiles for Buddha Brands
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- Full employee list
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Timeline of Buddha Brands
3 dated milestones of Buddha Brands across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Buddha Brands is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series A, of $5.2M.
Competitors of Buddha Brands
Buddha Brands has 3 listed competitors in our database, 1 of them funded. They include lovegoodfats, Multibar and ElevateMe.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lovegoodfats.com | 2018 | Toronto, Canada | $8.15M | brand of snacks bars | ||
| multibar.com | 1986 | Montreal, Canada | Nutritional and snack bars are manufactured and distributed in Canada. | |||
| prosnack.com | 2002 | North Vancouver, Canada | Provider of men's and women's apparel |
Detailed competitors of Buddha Brands
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Web traffic of Buddha Brands
The website of Buddha Brands (buddhabrands.com) receives about 3.9K visits a month.
- Monthly visits3.9K
▲ 140.6% vs previous month
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Related news about Buddha Brands
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Frequently Asked Questions about Buddha Brands
Buddha Brands was founded in 2010 and raised its 1st funding round 11 years after it was founded.
Buddha Brands is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Buddha Brands is a funded company, having raised a total of $8.25M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Jul 2021.
Buddha Brands was established in 2010 in Montreal, Canada, with Mark Cigos serving as co-founder. Operations are centered on the snack food sector, where snack bars are manufactured and sold through various channels. The company maintains its headquarters in Montreal and focuses on product distribution primarily within Canada, supported by its online domain buddhabrands.com for broader reach. Core activities involve product development and retail partnerships in the health-oriented snack market.
Buddha Brands's top competitors include lovegoodfats, Multibar and ElevateMe.
Buddha Brands has 3 investors. Key investors include BDC, Fondaction, and Invest Quebec.