Rabobank among investors commit $18M to InnovoPro

Global AgInvesting reports that Israeli chickpea protein producer InnovoPro announced it has secured $18 million in funding through a second round led by Jerusalem Venture Partners (JVP), and included the Rabo Food & Agri Innovation Fund, part of Rabobank’s investment arm Rabo Corporate Investments, leading Israeli VC fund ICOS Capital, and early-stage investment platform iAngels. This […]

InnovoPro, Givaudan Partner to Make Alternative Protein Taste Like Meat & Dairy

Vegconomist.com reports that Givaudan and InnovoPro have signed an agreement to use their shared R&D expertise to feature both Innovopro ingredients and Givaudan solutions in ingredients and flavorings in several countries. The companies will work together to make plant-based proteins taste like meat and dairy. Read the full article here.

Pandemic-proof food innovations

The continued proliferation of plant-based proteins is one of four trends that FoodBytes! by Rabobank predicts is here to stay as the food industry adjusts to COVID-19. FoodNavigator reports that InnovoPro, a FoodBytes! alum, recently received an infusion of $15M to boost production of its chickpea protein, which can be used in meat alternatives, confections, […]

Migros and InnovoPro debut chickpea-based yogurt alternative

Swiss retailer Migros has launched a line of dairy-free yogurt that incorporate InnovoPro’s CP Pro 70 chickpea protein. The product line offers consumers an alternative to dairy yogurts, without compromising on taste. Both companies are working to bring additional yogurt lines in several European countries later this year. “Our customers are looking for high quality, […]

Despite COVID-19, VC deals in Israel reach all-time record

The numbers for venture capital funding for the first half of 2020 show that the startup nation of Israel has bucked a global downward trend. When investment in startups deceased in North America and Europe, Forbes reports that Israel enjoyed a 40 percent increase over the first half of 2019. The number of VC deals in Israel […]

Making Alternative Proteins Taste Like the Real Thing

Givaudan, the world’s largest company in the flavour and fragrance industries, is tapping into the growing global interest in alternative proteins. “Everyone wants in, whether it’s some defense or a desire to disrupt,” Louie D’Amico, president of Givaudan’s flavor division, told Bloomberg Businessweek. The Swiss company has teamed with up Israeli startup InnovoPro to study […]

InnovoPro raises US$15 million in Series B funding

Israeli food-tech company InnovoPro has raised US$15 million in Series B funding led by Jerusalem Venture Partners (JVP). Strategic investors in this round included Custos Privatstiftung; Wolfgang Leitner, CEO of engineering solution company Andritz AG; and CPT Capital, one of the premier global food-tech investors. FoodIngredientsFirst reports that InnovoPro is scaling up manufacturing of alternative […]

InnovoPro enters RTD (ready-to-drink) vegan protein shake market

NutritionInsight reports how InnovoPro’s chickpea protein concentrate CP‑Pro 70® is a key ingredient in a new vegan athletes RTD (ready-to-drink) formula launched by Hadassa Bymel Pharmacy and Nature Ltd. The powdered protein shake – being sold under the brand name “Pro body” – is being marketed to consumers who want to maintain a healthy lifestyle […]

First in the world Launching of Chickpea Protein in Vegan Protein Powder

Chickpea protein concentrate, CP‑Pro 70™, was developed by InnovoPro, a leading Israeli Foodtech startup Tel Aviv, February 2019 – CP‑Pro 70™, a chickpea protein concentrate by InnovoPro Ltd, is part of a new vegan athletes ready-to-drink formula that was launched in Israel this month by Hadassa Bymel Pharmacy and Nature. Plant-based proteins are expected to witness […]
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InnovoPro was awarded a “Seal of Excellence” by the European Commission, as the institution managing Horizon 2020, the EU Framework Programme for Research and Innovation 2014-2020.

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