Harmless Harvest, a San Francisco, CA-based based refrigerated coconut water producer, secured $30m in growth funding.
The round was led by Danone Manifesto Ventures, the venture arm of Danone, with participation from Mousse Partners, as well as other existing and new shareholders, including AccelFoods.
The company will use the funds to grow its organic products by increasing and optimizing sustainable production capacity in Thailand, raising brand awareness and expanding geographic distribution.
Founded by Justin Guilbert and Douglas Riboud in 2010, Harmless Harvest delivers a processed organic coconut water for environmental sustainability and provides fair wages, healthcare, and well-being assurance for every farmer and employee both abroad and in the U.S.
The company’s ecosystem-based business model also includes investing in the rural Thai communities where their coconuts are grown.