Ghanaian cocoa upcycling startup Koa has secured a significant $15 million investment in its Series B funding round to revolutionize the cocoa industry through innovative sustainability and farmer empowerment practices. The Land Degradation Neutrality Fund from Mirova and the Regenerative Growth Fund 1 managed by Zebra Impact and Mirabaud led this capital injection. The funds will drive Koa's ambitious expansion plans, aiming to increase production tenfold, empower ten thousand additional cocoa smallholders, and promote regenerative agriculture practices.
Koa's unique approach involves transforming cocoa fruit pulp, typically discarded, into value-added ingredients at its processing facility in Ghana. This not only addresses food waste and climate change but also enhances farm incomes and establishes a sustainable trajectory for the cocoa industry.