New Investments
Ghanaian-Swiss Cocoa Upcycling Startup Koa Secures US$15 Million to Revolutionize the Industry
This capital injection was led by the Land Degradation Neutrality (LDN) Fund from Mirova and the Regenerative Growth Fund 1 managed by Zebra Impact and Mirabaud.
The funding will fuel Koa’s ambitious plans to tenfold its current production, empower 10,000 additional cocoa smallholders, and champion regenerative agriculture practices.
By doing so, Koa aims to tackle the twin challenges of food waste and climate change, while simultaneously boosting farm incomes and carving a sustainable path for the future of cocoa.
Unlike the traditional model that discards the juicy cocoa fruit after extracting the beans, Koa sees hidden potential in it.
Through their newly inaugurated processing facility in Ghana, the company ingeniously transforms the fruit pulp into value-added ingredients for the food and beverage industry, creating everything from smoothies and juices to chocolates and snacks.
By collaborating with Ghanaian farmers and sharing its upcycling technology, Koa empowers local communities, generates additional income for families, and reduces food waste on farms.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
VC Firm HAVAÍC Secures $15 Million for Third African Innovation Fund
Venture Capital firm HAVAÍC has successfully raised $15 million in commitments for its third African Innovation Fund, marking the first close of the $50 million fund.
Senegalese Retail Tech Startup Maad Secures $3.2 Million in Seed Funding to Fuel Expansion and Innovation
Maad, a Senegalese logistics platform catering to informal retailers, has secured $3.2 million in seed funding.
Nigerian Fintech FrontEdge Secures $10 Million to Boost African Cross-Border Trade
FrontEdge, a Nigerian fintech startup based in Lagos, has successfully raised $10 million in a seed round of funding, with over 70% of the capital contributed through debt financing.