Kokomodo Partners With Coop Switzerland to Explore Integration of Cultivated Cacao Into Confectionery
Cultivated cacao producer Kokomodo has announced a partnership with the chocolate company Chocolats Halba, which is a division of Switzerland’s largest retailer and wholesaler, Coop. The collaboration will explore the integration of Kokomodo’s cacao into sustainable confectionery products, evaluating the functionality, sensory performance, and scalability of the ingredient in industrial settings. The partnership is facilitated by Kickstart Innovation, a platform that accelerates the market adoption of breakthrough technologies through startup-corporate …
Pluri Secures $6.5 Million Investment and Acquires Majority Stake in Cell-Based Cacao Producer Kokomodo
Biotechnology firm Pluri Inc., a company specializing in cell-based technology, has announced a $6.5 million private investment led by global investor Alejandro Weinstein. As part of the transaction, Weinstein will join Pluri’s Board of Directors. Concurrently, the company is acquiring a 71% stake in Israeli AgTech firm Kokomodo Ltd., which focuses on cultivated cacao production, for $4.5 million in common shares. The proceeds from the investment will be used to …
Kokomodo Creates Cultivated Cacao, Preserving Climate-Proof Supplies for the Future of Confectionery
Climate change poses a significant threat to the future supply of cacao (the unprocessed version of cocoa), with the majority of farmland predicted to become unfit for production by 2050. Recent severe weather events have negatively impacted cacao harvests in Ivory Coast and Ghana, the world’s biggest producers, causing significant shortages and high prices. But Kokomodo, a startup leveraging plant cell technology to “cultivate cocoa’s future” aims to ensure a stable, …