Danone is the largest investor in Laird having closed a $10m investment in the plant-based superfood brand earlier this year.
US-based vegetarian food brand Laird Superfood filed on Monday to raise up to $40m in an initial public offering that would enable packaged food producer Danone to exit.
Laird provides a range of plant-based superfood products including a coffee creamer that utilises coconut and an algae known as aquamin, as well as coconut water, ethically-sourced coffee beans and mushroom coffee.
The company increased sales 58% to $13.1m in 2019 while keeping net losses stable at $8.5m. It intends to…
