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Harmless harvest coconut water buy12/27/2023 ![]() It contributes to Danone’s goal to increase its plant-based sales worldwide to €5 billion by 2025. DMV’s majority stake in Harmless Harvest supports Danone’s global efforts to accelerate the growth of its plant-based business and offer more plant-based options to consumers throughout their day. It will operate under the umbrella of DMV, with a level of autonomy that preserves its entrepreneurial culture. investment to become majority-owned by DMV. This transaction will provide Harmless Harvest with additional resources and operational capabilities to help further propel its growth and sustainability initiatives, from Thai coconut farms to U.S. With this additional investment, DMV acquires majority ownership and will continue to provide financial, strategic, and operational support in all appropriate business areas while Harmless Harvest continues to operate independently. In 2017, Danone Manifesto Ventures led a $30 million capital growth round in the company, alongside Mousse Partners and other investors. ![]() DMV is the corporate venture arm of Danone, the global leader of fresh dairy and plant-based foods and beverages. NEW YORK-( BUSINESS WIRE)-Danone Manifesto Ventures (DMV) today announced that it has acquired a majority stake in Harmless Harvest, a leader in organic coconut-based products including coconut water and dairy-free coconut yogurt alternatives, as DMV furthers its investment position and partnership efforts.
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