binarypublish- A Swiss-Ghanaian start-up called Koa received $15 million in a Series B funding round to further develop its upcycled cacao business.
- The investment will be used to expand regenerative agriculture practices, including involving over 10,000 more farmers, and tackle the climate impact of West Africa’s cocoa industry.
Following a successful Series B funding round worth $15 million, Swiss-Ghanian start-up, Koa, plans to expand its operations. Koa specialises in upcycling the fruit of the cacao plant, with an innovation that counters waste and combats the environmental impact of the cocoa industry.
Series B funding will drive the company’s expansion, allowing Koa to scale up its upcycled cacao business, further product development, and implementation of regenerative agriculture practices. A key aspect of this expansion involves engaging over 10,000 additional farmers to better address the climate footprint of the West African cocoa industry. The latest funding takes the total raised by Koa to $25 million, with both new and returning investors contributing to the round.
Upcycling, the practice of creating high-value products from waste or unwanted items, is a growing trend in various industries, including food and agriculture. Koa is at the forefront of this trend, harnessing the often-discarded fruit of the cacao plant to create innovative and sustainable food products.
Furthermore, through its expansion and work with a greater number of farmers, Koa hopes to contribute to environmental preservation. By involving more smallholder farmers in its supply chain and implementing regenerative agriculture practices, Koa is striving to make a tangible difference in reducing the climate impact of cocoa farming in West Africa.
