Koa finances $10M to build Africa's largest cocoa fruit factory
Factory operations planned to begin at the end of 2022.
Koa has completed a Series A equity round, in addition to closing additional senior and junior ranking debt, for a total of $10 million in financing from both institutional and private investors.
“We are excited that we won strong and reputable partners for the further growth of our business," said Benjamin Kuschnik, co-founder and group finance director of Koa. "It shows that our way of responsibly doing business and our value proposition are meeting the pulse of the time. With these investments, we will be setting up Africa’s largest cocoa pulp processing plant in West Africa which is the world’s largest cocoa growing region."