Paris-based foodtech startup Standing Ovation wraps up €12 million funding round to develop sustainable milk protein alternatives
Summary
Closing an oversubscribed funding round, foodtech innovators Standing Ovation have picked up a new €12 million investment. It’s been a busy couple of weeks in the foodtech sphere with one key trend sticking out – creating animal-free alternatives to popular proteins, without compromising on taste, texture and aesthetics. This Series A round, closed just 2 years after launch, will finance the next stages of development for the foodtech company, bringing its tech to an industrial scale. Astanor said: “Standing Ovation’s technology is a real paradigm shift in the market for dairy products of non-animal origin. We would like to thank all our investment partners for their support and trust in the team.” Romain Chayot, Scientific Director of Standing Ovation added: “In two years, we have developed a unique process.