Acai start-up The Rainforest Company is insolvent
Financial problems and investor dispute lead to the end
The once promising foodtech start-up The Rainforest Company (TRC) has filed for insolvency. The company, which wanted to revolutionize the food industry by importing sustainably grown acai berries, ran into financial difficulties after a dispute with investors.
Founder Albana Rama
The Rainforest Company
Just two years ago, the company founded by Albana Rama in Switzerland was valued at 100 million euros. Well-known investors made millions available to realize the ambitious vision. However, financial problems have recently been mounting. According to an entry in the Swiss commercial register, insolvency proceedings have now been initiated. The company website is also no longer accessible.
TRC's concept of contributing to the protection of the rainforest with acai berry products was not able to establish itself on the market in the long term. In addition, internal tensions arose with investors, which ultimately led to a break-up. As a result, the company was no longer in a position to meet its financial obligations.
Further developments in the insolvency proceedings will show whether and to what extent creditors can still hope for repayments.
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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