France
Standing Ovation is a French protein company that specializes in precision fermentation. The company's first patented ingredient, Advanced Casein®, has been developed with a focus on sustainability, producing 10 times less CO2, and consuming significantly less water and land compared to regular casein. Its nutritional, functional, and taste qualities are reportedly on par with animal-sourced protein. The company plans to launch its flagship protein in the United States in 2025, aiming to become a global leader in the food and environmental transition. As a winner of the French Tech 2030 program, Standing Ovation has received government backing and support from leading shareholders for its industrialization. Additionally, it has signed a strategic partnership with the Bel Group in 2022.
The company's latest investment round was a €3.75M Series A investment on 13 September 2024. The investors in this round included Bpifrance, Seventure Partners, Astanor Ventures, Big Idea Ventures, Good Startup, Peakbridge, and Bel Group.
