Danone Ventures invests in premium coconut water

Danone Manifesto Ventures (Danone group) has acquired a stake in Harmless Harvest, a US firm that sells fresh and organic coconut water produced using an exclusive microfiltration process.

Image credits: Harmless Harvest via Youtube

The $30 million investment was made together with Mousse Partners and other shareholders and represents another important step in supporting companies committed to sustainable future food development.

Danone’s venture arm was set up in late 2016 to partner with a network of emerging entrepreneurs and innovative food and drink companies who share the same business vision.

Harmless Harvest will use the new investment capital to grow, optimise its sustainable production capacity and expand its distribution network to meet growing demand for premium refrigerated coconut water.

Danone Manifesto Ventures has completed several other direct investments including Michel et Augustin and Yooji in France and Farmer’s Fridge and Kona Deep in the United States.