Danone’s venture arm is making a minority investment in Forager Project, a San Francisco company producing plant-based food and beverage products.
Danone Manifesto Ventures, says the move is line with its aim of building its portfolio of innovative and sustainable food brands and products.
Forager Project is a family-owned and operated organic food company that has been developing innovative plant-based foods in California since 2013. The company has developed a broad portfolio of organic plant-based products including yogurt, milk, sour cream, half & half as well as a range of protein and probiotic shakes.
Danone Manifesto Ventures sees Forager Project as an on-trend brand with strong potential in the fast-growing plant-based space.
The specialist Danone offshoot was launched in 2016 with the mission to support innovative and healthy food and beverage companies, and partners with disruptive entrepreneurs that share its vision of a healthy and sustainable future.
Through this unit, Danone makes investments and provides financial and operational support to its portfolio companies through access to its experienced teams around the world. It has invested in a string of companies to date, including Harmless Harvest, Farmer’s Fridge and Sustainable Bioproducts in the US, Michel et Augustin and Yooji in France, as well as Epigamia in India. It was certified as a B Corp in 2018.
Photo: Courtesy of Forager Project