What the business is
Industrial biotech selling CoffeeCoa, an upcycled cocoa alternative made from coffee husks, to bakeries, chocolate processors and food companies.
The bet
Coffee and cocoa share flavor compounds, so a microencapsulated extract from wasted coffee husks can replace up to 70% of cocoa at 30% less cost.
Starting capital
R$28.5M (~$5.4M) raised in total, including a R$20M (~$3.8M) pre-Series A in March 2026 led by DigiBoard with Air Capital.
How it started
Founded in São Paulo in 2022 by co-founder and CEO Sérgio Pinto, Cellva originally worked on cultivated pork fat before pivoting to upcycled ingredients, with cocoa-free chocolate as the first commercial target.
What happened
CoffeeCoa was unveiled at the Future Food-Tech Summit in San Francisco on March 13, 2025. By then Cellva had over $1M in committed interest contracts from B2B clients, worth more than 80 tonnes a year. In March 2026 it raised a R$20M (~$3.8M) pre-Series A led by DigiBoard, taking total funding to R$28.5M (~$5.4M), to move from tech validation to industrial-scale execution.
How it ended up
Still building toward scale: already supplying CoffeeCoa to industrial bakery manufacturers, chocolate processors and food companies in Brazil, with commercial discussions underway in Europe, Asia and the US.
What has to be true
Record cocoa prices gave manufacturers a concrete financial reason to trial a cheaper substitute with comparable sensory qualities.
Brazil is the world's largest coffee producer and its husks are a barely used waste stream, making raw material cheap and traceable near origin.
CoffeeCoa sells into food and nutraceutical markets at once — antioxidants and fiber give it a functional-health story beyond price.
Committed contracts of over $1M arrived before industrial production, de-risking the scale-up the new funding pays for.
What can be applied
When the deep-tech goal is years away, the platform you built may have a nearer-money application. A pivot that keeps the technology and swaps the market can be the actual business.
Aftermath
As of March 2026 Cellva is scaling its industrial biotech platform with the R$20M pre-Series A: building a manufacturing facility in Bahia with an experienced operating partner, refining distribution agreements across Latin America, supplying Brazilian bakery and chocolate processors, and advancing commercial discussions with clients in Europe, Asia and the US.
FOLLOW THE EVIDENCE
The sources
- Brazil's Cellva Brews Up $4M in Funding to Turn Coffee Waste Into Cocoa-Free Chocolate greenqueen.com.hk
- This Startup's Solution to the Cocoa Crisis? Coffee Waste greenqueen.com.hk
- The sweet taste of circular treats worldbiomarketinsights.com