Forager Project, San Francisco, received a minority investment from Danone Manifesto Ventures, New York, to continue building its portfolio of innovative products, enhance sustainable sourcing and production, increase brand awareness and widen distribution.
“John Charles and I have spent three years getting to know Jean Francois, Laurent and the Danone Manifesto Ventures team. It’s the right time and they are the right partner – good people with leverageable, relevant experience and capital,” says Stephen Williamson, founder and CEO of Forager Project.
Forager Project develops a broad portfolio of organic plant-based products, including yogurt, milk, sour cream and half and half as well as a range of protein and probiotic shakes.
“Forager Project and Danone have highly aligned values focused on improving human and planet health through food and a shared commitment to sustainable, enduring business growth,” says Laurent Marcel, chief executive officer of Danone Manifesto Ventures.
“Over the years, we had the chance to develop a special relationship with Stephen and his talented team, and today we’re very excited to start this partnership with Forager Project,” adds Jean-Francois Hurel, chief investment officer for Danone Manifesto Ventures.
Danone Manifesto Ventures supports 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 experienced teams around the world.