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Mid-Day Squares raises $8 million in debt funding led by Investissement Quebec to expand manufacturing and enter US retail.

PRIVATESep 01, 20267 days ago

Amount Raised

$8 Million

Round Type

Debt Financing

MontrealManufacturingFood and BeverageHealth Care

Investors

Canada Economic Development For Quebec RegionsInvestissement Quebec

Description

Mid-Day Squares, a refrigerated snack bar manufacturer, raised $8 million in debt financing led by Investissement Quebec and Canada Economic Development for Quebec Regions. The funding will support expansion of its Montreal manufacturing facility from 16,000 to 35,000 square feet and enable launches into Walmart and Costco in the United States. The company aims to achieve $250 million in production capacity to meet rising demand from consumers taking GLP-1 drugs. The expansion includes a new production line and comes as the company's non-chocolate PB&J line has grown to nearly 20% of total business.

Company Information

Company

Mid-Day Squares

Location

Montreal, Quebec, Canada

About

Mid-Day Squares is a Montreal-based company that self-manufactures refrigerated snack bars designed for health-conscious consumers. The company specializes in protein-rich, fiber-packed snacks formulated to support satiation and meet the dietary needs of consumers using GLP-1 drugs. Their product line includes chocolate bars and fruit-based options like the No Bread PB&J line launched in January.

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Mid-Day Squares raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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