Israeli chickpea protein co InnovoPro raises $15m


InnovoPro can produce as much as 70% of protein essence from chickpeas to be used in dairy, meat and mayonnaise substitutes.


Israeli chick-pea protein firm InnovoPro has raised $15 million in a financing spherical led by Jerusalem Enterprise Companions (JVP) and with the participation of CPT Capital.

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InnovoPro mentioned it might use the brand new funds to spice up manufacturing of its chickpea protein and type enterprise growth and advertising joint ventures.

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Chickpeas (hummus) naturally include 20% protein, however InnovoPro can produce as much as 70% of protein essence from chickpeas to be used in dairy, meat and mayonnaise substitutes. Merchandise based mostly on its protein have already been launched within the US, Europe and Israel.




Based mostly in Rishpon, north of Tel Aviv, the corporate was based in 2013 by Dr. Ascher Schmulewitz, a identified entrepreneur and investor in food-tech and medical gadgets.

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Printed by Globes, Israel enterprise information – www.globes-online.com – on April 22, 2020

© Copyright of Globes Writer Itonut (1983) Ltd. 2020

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Hummus Photo: Eyal Izhar

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Hummus Photograph: Eyal Izhar

 

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