[5 February/ Food Dive]

Danone Manifesto Ventures, the venture capital arm of Danone, has announced that it was part of a USD30 million investment round into coconut water producer, Harmless Harvest.  The amount of the investment was not disclosed but it gives global dairy company access to the hot coconut water market that is expected to reach USD3.1 billion per annum in sales by 2021.  Harmless Harvest sources organic coconuts from Thailand and produces a fresh coconut water product using a microfiltration process.  The company was founded in 2010 and differentiates itself through its Fair for Life certification, which is awarded to sustainable businesses that support social, agricultural and environmental improvement.  Managing Director of Danone Manifesto Ventures, Laurent Marcel, said that the group looks forward to leveraging its expertise and resources to help Harmless Harvest to reach its full potential while maintain the unique DNA that has enabled its success.  Harmless Harvest said the investment will be used to support growth initiatives by increasing and optimising sustainable production capacity as well as boosting awareness of the brand.