our storynewsGood news! We received 20M€ to accelerate our impact and soar closer to our mission.
Good news! We received 20M€ to accelerate our impact and soar closer to our mission.
July 04, 2023
Good news! We received a 20M€ investment from existing shareholders, Verlinvest and JamJar, to further accelerate our impact and soar closer to our mission of making 100% slave free the norm in all chocolate.
Why is this investment important? Because more bars sold, means more beans sourced at a price that enables a living income – which means more farmers’ lives impacted on the ground in West Africa.
Shout out to Verlinvest and JamJar, because this is a BIG deal - and shows they truly believe in Tony's mission.
With this investment and our brand-new legal structure, Tony's Mission Lock, now set in place, we're all fueled up and ready to take our impact to the next level.
Hear from Chief Chocolonely, Douglas Lamont, on how we will achieve this:
“This investment will help us accelerate our progress towards our mission of ending exploitation in the cocoa industry. The funding will be used to support the rapid global growth we are delivering in both Tony’s Chocolonely, our chocolate business, and Tony’s Open Chain, our global business-to-business ethical bean trading company. I am delighted that all the funding was raised from within our existing shareholder base, who we know are all committed to supporting our long-term mission. With this new investment, with our governance structure and with our recently introduced Mission Lock we will all remain fully focused and committed to delivering on our mission to end exploitation in the cocoa industry.”