The investments
Financing from CI Ventures totaling $US 400,000 will be used to expand brand awareness and e-commerce capabilities; grow the sourcing model with communities and cover general and administrative expenses, inventory and product development costs; and secure regenerative certification for their growers. This investment is part of a larger US$ 1 million seed financing round led by investors from both the U.S. and Costa Rica.
The impact
Thrive’s regenerative model holds immense potential to both improve ecosystems and generate economic opportunities for local communities in rural areas. Over the next three years, Thrive aims to work with 875 farmers and regenerate 228 hectares of degraded lands. At scale, Thrive aims to restore 9,000 hectares of degraded soils and biodiversity and help improve the livelihoods of 31,000 rural farmers in Latin America and beyond. Ultimately, Thrive hopes to serve as a commercially viable inspiration for regenerative practices in the agriculture, fisheries and forestry sectors.
