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2nd June, 2021 by Nicola Carruthers
Caribbean rum liqueur model Tobago Gold has secured its first fairness funding from a Portugal-based backer.
Tobago Gold is advisable served in cocktails, reminiscent of a Julep
Manghanita Kempadoo, a former chocolate trade skilled, has made a ‘strategic’ funding in Tobago Gold based mostly on the model’s world progress potential.
“I’m delighted to put money into Tobago Gold,” mentioned Kempadoo, who’s initially from Trinidad and Tobago. “The product is really particular.”
To this point, the model has raised greater than €275,000 (US$336,000) in funding from its founder and CEO, Lars Söderström, and different buyers. The cash will likely be used for organisational setup, product growth and manufacturing.
Additional investments will likely be used to assist the model enter new markets and develop its distribution community throughout Europe.
Kempadoo added: “The administrators and administration crew are all very skilled, with an excellent understanding of the alcohol trade and I look ahead to being part of the success of Tobago Gold.”
Launched by Söderström in 2020, Tobago Gold (17% ABV) is a mix of rum, darkish chocolate and spices. Söderström acquired a Caribbean cocoa property in 2004.
“Throughout my nature hikes in Trinidad and Tobago within the early 2000s, I used to be launched to this historic and exquisite land; residence to a mountain jungle cocoa property,” mentioned Söderström. “I bought this 365-acre property and shortly concepts for business cocoa enterprise progressed.”