Pluri Finalizes Acquisition of Kokomodo Ltd., Enhancing Cell-Based Cacao Production

In a strategic move to bolster its position in the agrifood technology sector, Pluri Inc., a biotechnology company specializing in cell-based solutions, has finalized the acquisition of a 71% stake in Kokomodo Ltd. for $4.5 million, paid in shares. Kokomodo, an innovative AgFoodTech firm, is known for its prowess in cultivated cacao production, harnessing cellular agriculture to create climate-resilient and sustainable cacao products. This acquisition aims to merge Pluri's expertise in mass-scale cell production with Kokomodo's innovative cacao cultivation techniques. As a subsidiary, Kokomodo will continue to operate independently under the leadership of CEO Tal Govrin, while leveraging Pluri's resources to scale operations and meet increasing global demand. The global cacao market, valued at $13.5 billion in 2023, is expected to rise, driven by sustainable and consistent cacao production technologies. Pluri's acquisition of Kokomodo underscores its commitment to transforming global food systems through biotechnology, aiming to address climate change effects on traditional cacao farming while advancing innovation in the cultivated cacao sector.