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Food and Agriculture Tech Series B Founded 2016

Innovopro

InnovoPro develops plant-based protein ingredients from chickpea, offering plant-based food products across dairy and meat alternative categories. The company's processing technology enables the isolation of a novel source of vegan protein from chickpeas, providing food manufacturers with functional plant-based protein ingredients for product development. InnovoPro's chickpea protein isolate offers benefits…

📍 Ramat Gan, Israel · Food Tech

Funding snapshot

Last roundSeries B
Amount$22M
Date9 February 2022
Total raised$22M
Team size11

About

InnovoPro develops plant-based protein ingredients from chickpea, offering plant-based food products across dairy and meat alternative categories. The company's processing technology enables the isolation of a novel source of vegan protein from chickpeas, providing food manufacturers with functional plant-based protein ingredients for product development. InnovoPro's chickpea protein isolate offers benefits including high protein content, clean label positioning, allergen-friendly profile, and functional properties that support texture, emulsification, and nutritional enhancement in plant-based food formulations. The company serves the food tech and novel foods market with plant-based protein ingredients that enable manufacturers to create meat alternatives, dairy alternatives, and other plant-based food products with improved taste, texture, and nutritional profiles. Founded in 2016 and headquartered in Ramat Gan, Israel, the company has raised approximately $22.3M in Series B funding from investors including JVP, CPT Capital, Migros, Bits x Bites, Yara Ventures, ID Capital, Ingredion, Europa, EIC Fund, Icos Capital, iAngels, Rabo Investments, Rhodium, THRIVE, FoodTech Accelerator, and FoodBytes. InnovoPro differentiates itself through its proprietary chickpea protein isolation technology that produces novel vegan protein ingredients with functional properties for dairy and meat alternative applications in the plant-based food market.

Business model

Food Tech > Novel Foods > Food Ingredients > Protein > Plant Based > Chickpea,

Plug and Play Tech Center Batches > Food & Beverage > Batch 6

Institutional investors

JVP CPT Capital Migros Bits x Bites Yara Ventures ID Capital Ingredion Europa EIC Fund Icos Capital iAngels Rabo Investments Rhodium THRIVE FoodTech Accelerator

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