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Industry NewsDanone eyes 20 to 25 deals by 2020

Danone eyes 20 to 25 deals by 2020

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Danone Manifesto Ventures, an investment fund set up by French food giant Danone to acquire startup companies, plans to have picked up some 20-25 such targets by 2020.

The fund is targeting sectors through the agri-food chain from organic farming to alternative protein sources, as well as innovative approaches to customer relationship development, according to a Reuters report.

The fund has already spent about half of its initial $150 M budget in a bid to adapt to changing consumer preferences, including healthier, environmentally friendly food options.

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