Chobani has raised $650 million in new funding, valuing the Greek yogurt leader at $20 billion, as it embarks on an ambitious $1.7 billion infrastructure and expansion programme across the US.

The investment marks one of the largest private equity rounds in the food and beverage sector in recent years and will support Chobani’s continued diversification beyond its core yogurt portfolio.

Record valuation and strong financial growth

Chobani projects $3.8 billion in net sales for 2025, representing a 28% year-on-year increase. The performance underscores the company’s sustained ability to expand market share in a competitive landscape increasingly dominated by private-label and health-focused brands.

Founded in 2005, Chobani has become a category-defining player in the US dairy industry, with its valuation milestone reflecting both its financial resilience and its capacity to drive innovation within premium, health-centric food segments.

Major infrastructure expansion

The capital injection will finance two key infrastructure projects designed to strengthen Chobani’s US manufacturing network:

New York: A $1.2 billion investment to establish a third dairy processing facility — the largest in Chobani’s history.

Idaho: A $500 million expansion of its Twin Falls facility to boost capacity and operational efficiency.

Together, these projects aim to enhance production flexibility and meet rising demand for high-protein and functional food products across North America.

Diversification beyond yogurt

Chobani continues to broaden its portfolio through a mix of organic innovation and strategic acquisitions. Recent moves include the $900 million acquisition of La Colombe in 2023 and the purchase of plant-based meal company Daily Harvest earlier this year.

The company has also expanded into ready-to-drink and high-protein beverages, including its Chobani Protein line, targeting consumers seeking functional nutrition.

These initiatives reflect Chobani’s long-term goal of becoming a multi-category food and beverage platform spanning dairy, coffee, and plant-based products.

Industry impact and strategic outlook

Chobani’s funding success underscores the strong investor confidence in agile, founder-led food brands that can combine innovation with scale. The move is expected to intensify competition in the premium dairy and functional nutrition segments while setting a benchmark for growth-driven private brands.

CEO Hamdi Ulukaya has previously emphasized the company’s mission to “make better food more accessible to all,” a vision that continues to guide its strategic evolution.

With its strengthened capital position and infrastructure expansion underway, Chobani is now positioned to accelerate product innovation, streamline operations, and reinforce its leadership in the evolving health and wellness segment of the US food industry.