Standing Ovation funding news – France-based Standing Ovation Secures €3.75 Million in Series A Extexnsion Funding

The French company has created a way to manufacture improved casein and is starting to market improved Casein®, its proprietary component. Casein® ensures that consumers receive the same nutritional, functional, and taste characteristics as protein generated from livestock while emitting 10 times less CO2 than animal-derived milk proteins, allowing for effective use of water and land, and being free of antibiotics and traces of genetically modified organisms.

By year's end, the company hopes to have finished preparing for industrial-scale production. Additionally, Standing Ovation declared the appointment of Yvan Chardonnens as their new CEO.

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In 2022, Standing Ovation had earlier raised €12 million in a Series A round led by Astanor Ventures, which included investments from Big Idea Ventures, Good Startup, Peakbridge, and Seventure Partners in addition to support from the Bel Group. Bpifrance has also contributed a significant amount of funding to the company.

Laetitia de Panafieu, a representative of Astanor Ventures on Standing Ovation’s Supervisory Board, commented: “Feeding 10 billion people while reducing CO2 emissions in a world where water and arable land resources are growing scarcer is one of the greatest challenges of the 21st century. Tackling this will require new groundbreaking solutions. We are excited to see the first dairy products based on Advanced Casein® distributed worldwide.”

Romain Chayot, Co-Founder and Managing Director of Standing Ovation, said: “The Standing Ovation team is really fortunate to be able to count on Yvan's experience as we begin this new chapter together. After four years of research and innovation to fine-tune our industrial manufacturing and production process, the time has come to accelerate towards mass production and distribution of Advanced Casein® in the global agrifood market. Yvan has a reputation as a pioneer in developing new products that meet both industrial challenges and consumer demand.”

Yvan Chardonnens, CEO of Standing Ovation, commented: “I am excited to be joining such an innovative company at the forefront of its sector, with the potential to have a positive impact on our food ecosystems and deliver solutions to climate challenges. In just four years under Romain's leadership, Standing Ovation has hit key technological, operational and financial milestones, paving the way for the next phase of industrial-scale growth. Together, our priority will be to step up our development by obtaining the necessary regulatory approval, strengthening our go-to-market strategy and embarking on large-scale industrial production.”

About Standing Ovation

Established in 2020, Standing Ovation is a trailblazer in the field of precision fermentation, a cutting-edge technique for producing protein sustainably. Precision fermentation is used to produce proteins that are sustainable.