Danone Manifesto Ventures has taken a minority stake in the Hawaii-based water company Kona Deep.
Kona Deep claims to be creating a new category of premium water with its deep ocean water, sourced 3,000 feet below ocean surface in Kona, Hawaii, from a pure source containing natural minerals. Aligned with Danone’s One Planet One Health strategic vision, the investment is part of Danone’s sustainable business agenda.
Danone will be contributing to Kona Deep’s $5.5 million investment alongside Grand Crossing Capital and local Hawaiian investors. The business then intends to use the investment to support growth initiatives by expanding distribution, increasing and improving production capacity and raising awareness for the Kona Deep ocean water.