What is Inovapro?
Inovapro is at the forefront of the plant-based protein revolution, developing an innovative chickpea protein platform designed for the global food and beverage industry. The company's core offering, chickpea protein concentrate CP-PRO70, provides a clean-label ingredient that is free from common allergens, addressing a key consumer demand. By focusing on nutritious, tasty, and sustainable food products, InnovoPro aims to meet the escalating demand for plant-based alternatives and inspire healthier eating habits for future generations.
How much funding has Inovapro raised?
Inovapro has raised a total of $37.3M across 2 funding rounds:
Series A
$4.3M
Series B
$33M
Series A (2018): $4.3M with participation from Yara Ventures, Ran Tuttnauer, ID Capital, JVP, Migros , Switzerland's, and Bits x Bites
Series B (2020): $33M led by Wolfgang Leitner, Rabo Food & Agri Innovation Fund, CPT Capital, JVP Limited, and Custos Privatstiftung
Key Investors in Inovapro
Wolfgang Leitner
An individual investor participating in Inovapro's Series B funding round.
Rabo Food & Agri Innovation Fund
An investment fund focused on innovation within the food and agriculture sectors, likely providing strategic capital and industry expertise to Inovapro.
Yara Ventures
Yara Ventures is an investment firm specializing in early-stage and growth-stage companies within the food tech and innovation space, offering smart money and tactical support to its portfolio companies.
What's next for Inovapro?
With substantial enterprise-level backing, Inovapro is poised for accelerated growth and market expansion. The recent Series B financing indicates a transition into a scaling phase, likely enabling the company to enhance its production capabilities, broaden its product portfolio, and strengthen its market presence. Future strategic initiatives may involve forging new partnerships within the food and beverage sector, further research and development into novel applications of its chickpea protein technology, and potentially exploring international market penetration to capitalize on the global demand for plant-based ingredients.
See full Inovapro company page
