Pluri Secures $6.5 Million Investment and Acquires Majority Stake in Cell-Based Cacao Producer Kokomodo

Pluri Inc., a biotechnology firm specializing in cell-based technology, has secured a $6.5 million investment led by global investor Alejandro Weinstein. Weinstein will also join Pluri's Board of Directors. In addition to the investment, Pluri has acquired a majority stake in cell-based cacao producer Kokomodo Ltd. for $4.5 million. This acquisition will allow Pluri to expand its reach into the sustainable food production market and further its efforts in cell-based technology development.

The acquisition of Kokomodo reflects Pluri's commitment to diversifying its portfolio within sustainable food production. The global cacao market is projected to grow at a compound annual growth rate of 8.2%, reaching $23.5 billion by 2030. Both the investment and the acquisition are subject to regulatory approvals and shareholder approval, with the Kokomodo transaction expected to close in the second quarter of 2025. Alejandro Weinstein, a veteran investor and entrepreneur, sees the partnership as a step towards driving innovation in sustainable and scalable food production.