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§ Private Profile · Hashizaf 4, Raanana, Israel
Plant-based food ingredient company develops and supplies 70% chickpea protein concentrate to food manufacturers for clean-label products.
InnovoPro, based in Tel Aviv, Israel, develops and supplies a 70% protein concentrate derived from chickpeas, serving as a clean-label, plant-based ingredient for food manufacturers globally. The company has raised approximately $18 million in total funding by 2020, including a $4.25 million round in 2018 and a $15 million Series B in 2020. These investments were led by firms such as Jerusalem Venture Partners (JVP), Migros, and Rabobank, with participation from CPT Capital and Wolfgang Leitner. InnovoPro's chickpea protein enables applications in dairy alternatives, meat analogues, and snacks, with products launched across the USA, Europe, and Israel. The organization was founded in 2013 by Dr. Asher Shmulewitz. Its business model centers on B2B sales of chickpea protein ingredients to food companies, funded through venture capital investments.
Innovopro has raised $22.0M across 2 funding rounds.
Innovopro has raised $22.0M in total across 2 funding rounds.
Innovopro has raised $22.0M in total across 2 funding rounds.
Innovopro's investors include Jerusalem Venture Partners (JVP), wolfgang leitner, CPT Capital, Custos Privatstiftung, Erel Margalit.
Innovopro is an Israeli food‑tech company that develops and sells a chickpea‑based protein platform (not an investment firm) used as a clean‑label, non‑allergenic plant protein ingredient for food manufacturers and formulators. Innovopro’s flagship ingredient is CP‑Pro 70™, a 70% chickpea protein concentrate and related textured and functional chickpea ingredients for dairy, meat‑alternative, egg‑replacement and sports‑nutrition applications[4][1].
High‑Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick factual anchors: founded 2013; founder Dr. Ascher Shmulewitz; flagship CP‑Pro 70™ chickpea protein concentrate; active commercial partnerships and recognition from EU/FoodTech programs[4][1][2].
Innovopro has raised $22.0M across 2 funding rounds. Most recently, it raised $18.0M Series B in April 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2020 | $18M Series B | — | Jerusalem Venture Partners, Wolfgang Leitner, CPT Capital, Custos Privatstiftung, Erel Margalit | Announced |
| Dec 1, 2018 | $4M Series A | — | Jerusalem Venture Partners | Announced |