Wakuli has successfully secured a €5.2 million investment led by Icecat to support its expansion in the ethical coffee market.

Information on the Target

Wakuli is an innovative coffee company dedicated to promoting ethical sourcing and improving the livelihoods of coffee farmers. By paying farmers 20% above the market rate typically offered by major coffee chains, Wakuli aims to create a more sustainable and equitable coffee supply chain. This not only benefits the farmers financially but also enables them to dedicate more resources toward environmentally friendly farming practices, ultimately resulting in higher quality coffee beans.

The recent investment of €5.2 million represents a significant milestone for Wakuli as it seeks to expand its operations and impact in the coffee industry. With an emphasis on both online sales and physical coffee bars, Wakuli is positioned to enhance its market presence and attract a wider customer base.

Industry Overview

The coffee market has seen substantial growth in recent years, driven by increasing consumer demand for high-quality, ethically sourced products. In many regions, consumers are becoming more aware of the socio-economic challenges face