Alter Eco becomes third Goodcap company

Good Capital will formally announce this week that Alter Eco has become the third company in it’s portfolio. Alter Eco is GoodCap’s second fair trade company. Adina the first GoodCap fair  trade company which holistic drinks, has also raised new financing, $14 million in equity. In addition, the former CEO of Pepsi is now on Adina’s board. Alter Eco sells fair trade, organic and zero carbon chocolate and quinoa and other grains. Better World Books, the first GoodCap company, became debt free last month, having paid off an outstanding line of credit and mezanine debt of $2.7 million from profits generated over the last six months.