Danone Manifesto Venture

Danone Manifesto Ventures (DMV) is the corporate venture arm of Danone, a global leader in food and beverage. Established in 2016, DMV was founded with the strategic objective of identifying and partnering with innovative, disruptive companies at the forefront of the food revolution. Its mission aligns directly with Danone's broader commitment to bringing health through food to as many people as possible, focusing on businesses that offer sustainable, healthy, and consumer-centric solutions. DMV acts as a strategic minority investor, providing not only capital but also access to Danone's extensive industry expertise, R&D capabilities, and global distribution networks, aiming to accelerate the growth of its portfolio companies while fostering innovation within the broader food ecosystem.

DMV primarily targets growth-stage companies, typically participating in Series A, B, and C funding rounds. Their investment thesis centers on emerging trends within the food, beverage, and health sectors, including plant-based alternatives, gut health solutions, personalized nutrition, sustainable food systems, and alternative proteins. The fund seeks out entrepreneurs who are developing products and technologies that resonate with evolving consumer preferences for healthier and more environmentally conscious choices. While the specific investment amounts can vary, DMV typically deploys initial checks ranging from approximately $5 million to $25 million, aiming to secure meaningful minority stakes that allow for strategic collaboration without taking controlling interests. This approach enables portfolio companies to maintain their entrepreneurial independence while benefiting from a powerful corporate partner.

Since its inception, Danone Manifesto Ventures has built a diverse portfolio of over 20 companies across various geographies, demonstrating its commitment to a global search for innovation. Notable investments include companies like Harmless Harvest, Laird Superfood, Forager Project, and Remilk, showcasing their interest in categories from plant-based dairy and functional foods to precision fermentation. Through these partnerships, DMV seeks to both generate financial returns and gain insights into future market trends, ultimately contributing to Danone's long-term growth and sustainability goals. The venture arm plays a crucial role in Danone's open innovation strategy, serving as a bridge between the agility of startups and the scale of a multinational corporation.