Danone invests in AccelFoods - Just Food
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Danone invests in AccelFoods

17 May 2017

French food giant Danone is teaming up with AccelFoods, a US investment vehicle that is looking to support the expansion of companies in the "disruptive" natural and healthy food sector.

Danone invests in AccelFoods

French food giant Danone is teaming up with AccelFoods, a US investment vehicle that is looking to support the expansion of companies in the “disruptive” natural and healthy food sector.

AccelFoods confirmed the move in a tweet saying it was “thrilled to partner” with the dairy-to-baby food group’s in-house investment unit, Danone Manifesto Ventures, which is making the investment – the details of which have not been disclosed.

AccelFoods managing partner Lauren Jupiter told just-food earlier this year the vehicle was looking to increase its backing of companies through the expansion of its second investment fund, which is now worth US$35m.

AccelFoods’ first fund was launched in 2014. Under AccelFoods’ second fund, which began searching for investment targets in 2016, the vehicle acquired stakes food start-ups such as Good Day Chocolate, which produces supplement-enriched chocolate products; Koia, a manufacturer of plant-based protein beverage products; and Bou, a GMO-free bullion maker.