Picture Credit: Standing Ovation
Standing Ovation, an alt protein food tech startup, today announced it has completed a Series A financing round led by Astanor Ventures, to develop and scale the production of animal-free caseins.
Created in 2020 and based in Paris, Standing Ovation aims to become a key player in the food transition by specialising in the development and production of caseins by precision fermentation to make non-animal and lactose-free cheese and dairy products.
CEO Frederic Paques said: “Standing Ovation’s technology has tremendous potential. However, bringing the products rapidly to the market requires significant resources, and substantial funding had become necessary. Astanor Ventures, which had already supported us at an earlier stage, understood it, as did the other participants in this round.”
Peakbridge, Seventure Partners, Big Idea Ventures, Good Startup, and an undisclosed leading player in the food industry also participated in the round.
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