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Leading Global Players Back and Fund Pluri’s Cell-Based Food and Agriculture Collaborations
Globenewswire· 2025-11-10 13:00
Core Insights - Pluri, Inc. has entered significant international collaborations through its foodtech and agtech subsidiaries, marking a major advancement in its mission to transform food and agriculture production using advanced 3D cell-expansion technology [1][2][3] Company Overview - Pluri operates three subsidiaries: Ever After Foods, Kokomodo, and Coffeesai, which have signed collaboration agreements with global leaders in food and agtech across Asia, Europe, and the U.S. This expansion indicates increasing commercial viability and global demand for sustainable, cell-based innovations [2][4] - The collaborations are anchored by a minimum-viable-product (MVP) funded by leading global players, showcasing substantial commitment and trust in the innovative potential of these partnerships [4] Subsidiary Developments - Ever After Foods is advancing scale-up validation and pre-commercial trials with food companies, focusing on turning pipeline projects into pilot results while maintaining a capital-efficient business model [5] - Kokomodo has signed strategic agreements with a European food innovation firm and a U.S.-based multinational, aiming to enhance its research, development, and manufacturing capabilities in the cacao industry [5] - Coffeesai has entered a collaboration with a major East Asian food and beverage conglomerate to accelerate eco-friendly coffee production through cell-based cultivation, minimizing the environmental impact of traditional farming [5] Market Context - The momentum of Pluri's initiatives comes at a time of rising demand for sustainable solutions in agriculture, driven by challenges such as climate change, dwindling natural resources, and a growing global population [3][4] - Pluri's proprietary 3D cell expansion platform enables rapid scaling of next-generation food and agriculture solutions with significantly reduced environmental footprints, addressing global challenges in sustainable food production and climate resilience [6]
Pluri Completes Strategic Acquisition of Leading Cultivated Cacao AgFoodTech Company, Kokomodo Ltd.
GlobeNewswire News Room· 2025-04-28 12:00
Company Overview - Pluri Inc. has completed the acquisition of approximately 71% of Kokomodo Ltd. for $4.5 million, payable in 976,139 Common Shares [1] - Kokomodo will operate as an independent subsidiary under the leadership of its Co-Founder and CEO Tal Govrin, maintaining its mission and brand identity [1] Strategic Importance - The acquisition is expected to enhance Pluri's capabilities in the cultivated cacao sector, combining its expertise in scalable cell production with Kokomodo's innovative approach [2][6] - Pluri aims to address climate change impacts on traditional cacao farming while meeting the growing consumer demand for sustainable cacao-based products [2] Market Potential - The global cacao market was valued at $13.5 billion in 2023 and is projected to grow at a CAGR of 8.2%, reaching $23.5 billion by 2030 [2]