SISTERS, ORE. — Laird Superfood closed a $10 million financing round funded entirely by Danone Manifest Ventures, the venture arm of Paris-based Danone SA.
The company will use the funds to expand its plant-based product platform and grow its manufacturing campus in Sisters, Ore.
Launched in 2015, Laird Superfood offers creamers made with mushrooms and other functional ingredients, along with coffee, coconut water and coconut sugar.
“Danone aims to inspire healthier and more sustainable dietary practices around the world, which is perfectly aligned with the vision of our founders,” said Paul Hodge, co-founder and chief executive officer of Laird Superfood.
Danone Manifest Ventures’ portfolio includes more than a dozen health-focused startups. Recent investments include food tech company Nature’s Fynd (formerly Sustainable Bioproducts) and plant-based milk and yogurt maker Forager Project.
“We have developed a deep conviction in Laird Superfood's culture and its understanding of the needs of today's consumer,” said Laurent Marcel, CEO of Danone Manifest Ventures. “We are confident that Laird Superfood's commitment to a healthy lifestyle and the quality of their functional products and ingredients will continue to appeal to consumers and retailers. Laird Superfood is a powerful brand with a unique story, and we are excited about our ability to seal this partnership.”