Danone Manifesto Leads Funding Round For Organic Coconut Water Company

Danone’s venture capital unit took the lead in a $30 million funding round for refrigerated premium coconut water producer Harmless Harvest (San Francisco, Calif.), citing its “unique DNA.” The company uses a novel micro-filtration process to produce fresh organic coconut water certified by Fair for Life. Danone Manifesto joined Mousse Partners, Accelfoods, and current shareholders in the round. Harmless Harvest will use the investment to boost production capacity, increase marketing, and expand distribution to “meet growing consumer demand for refrigerated premium coconut water.”