Cocogreen wins prestigious Vision 2024 Award
Circularity Capital portfolio company Cocogreen, the global leader in low-carbon, high-yield coir growth substrates for berries, salads, citrus fruits and avocados, has won the British Private Equity & Venture Capital Association (BVCA) Vision 2024 Award for the North West region.
The awards celebrate high performing businesses backed by private equity and venture capital, recognising portfolio companies and their investors for rapid growth, market competitiveness, product innovation and sustainable performance. Cocogreen, which manufacturers its substrate exclusively using a by-product of the global coconut industry, was commended for its unique product portfolio, impressive use of R&D and rigorous commitment to sustainability.
The judging panel said: “Cocogreen’s partnership with Circularity Capital has enabled the company to achieve remarkable growth while staying true to its core values. By expanding its production capabilities, entering new markets and maintaining a strong focus on sustainability, Cocogreen is well-positioned to continue its leadership in the global substrates market. The company’s comprehensive sustainability programme further underscores its commitment to leaving a positive impact on the world.”
On winning the award, Thomas Ogden, co-founder and COO of Cocogreen, added: “Cocogreen is proud to share the award with Circularity Capital, which supported the business on its most recent stage of development and helped to identify our unique position within the Circular Economy – proving that sustainable and impactful growth is absolutely achievable, while being an advantage to value creation.
“Cocogreen’s innovative, patented technologies and expert international teamunderpins our continued international growth. Cocogreen empowers growers worldwide to grow more sustainably and profitably. Cocogreen is honoured to be awarded for a decade of non-stop international growth and for our commitment to positive environmental and social impact.”
David Mowat, founding partner at Circularity Capital, concluded: “Cocogreen is a market leading circular design business that has adopted a highly innovative approach to develop a growth substrate with unique, proprietary technical characteristics. Cocogreen’s coir-based product not only delivers enhanced crop yield performance for leading professional fruit and salad growers around the world, but also creates a measurable positive environmental impact by displacing commonly used alternatives, such as peat.
“Circularity Capital’s investment in Cocogreen has allowed the business to expand and diversify production capacity to fulfil strong market demand from customers in both existing and new global markets.”
Earlier this year, Cocogreen received the King’s Award for Enterprise and International Trade, having been presented with the Queen’s Award in 2018. For more information about Cocogreen, and its work as an enabler to the circular economy, visit cocogreen.co.uk.
ENDS