Danone Manifesto Ventures has invested in bottled ocean water brand Kona Deep in its fifth deal since launching in September last year.
US-based bottled water producer Kona Deep Corporation raised $5.5m from investors including Danone Manifesto Ventures, the corporate venturing arm of packaged food provider Danone, on Tuesday.
The round also featured private equity firm Grand Crossing Capital and local investors from the state of Hawaii where Kona Deep is headquartered.
Founded in 2015, Kona Deep provides bottled water sourced from the ocean at depths of 3,000 feet which is then desalinated. The startup claims the combination of cold temperatures, high pressure…
