Krakakoa, a bean-to-bar chocolate maker based in Indonesia, has raised an undisclosed amount from Singapore’s Impact Investment Exchange (IIX) through its IIX Growth Fund (IGF) as it gears up for a series A round in 2020.
Ladies Investment Club VC and Jeremy Oppenheim, co-founder of advisory and investment company Systemiq, also participated in the fundraise, according to a statement.
Krakakoa aims to support Indonesian smallholder cocoa farmers by directly sourcing from them and offering them training programs. It also works with female factory workers to provide them with a stable livelihood. READ MORE