French Group Danone's Venture Capital Fund Eyes 20-25 Deals By 2020
Danone Manifesto Ventures , an investment fund set up by the French food giant to target start-up companies challenging the dominance of big brands, expects to have invested in 20-25 such firms by 2020.
Managing director Laurent Marcel told Reuters the fund was looking at sectors ranging from healthy drinks, snacks and baby food, to the search for alternative protein sources and new ways to build up relationships with consumers.
"Our ambition is to make between six and seven investments per year. We could have a portfolio of 20-25 companies by 2020," said Marcel.
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