Packaged food producer Danone has provided an undisclosed amount of capital for AccelFoods, a US-based venture capital fund that targets emerging food and beverage brands, Bloomberg has reported.
AccelFoods closed its $4m first fund in 2014 and expanded its second fund, which it said was formed in partnership with undisclosed corporates, to $35m in March this year.
Danone’s investment, made through its corporate venturing unit Danone Ventures, was part of the second close, according to Bloomberg. Acre Venture Partners, a VC fund affiliated with another food producer, Campbell Soup, is also a limited partner.