Standing Ovation Raises 30 Mln Euros To Scale Dairy Protein Expansion
KUALA LUMPUR, March 31 (Bernama) -- Standing Ovation, a French precision fermentation pioneer producing next-generation proteins, has secured a 30 million euros Series B financing round, including 25 million euros in equity. (1 Euro = RM4.61)
The round was led by the Ecotechnologies 2 fund and Crédit Mutuel Innovation, alongside existing investors, with participation from Danone Ventures, Angelor, Newtree and Noshaq. An additional five million euros in non-dilutive financing was provided by Bpifrance and a banking syndicate.
According to a statement, the funding follows a 16 million euros Series A and will support the commercial rollout of Standing Ovation’s proteins in the United States, with expansion into Europe and Asia planned from the end of 2027.
“With the support of leaders like Bel and Danone alongside our industrial partners, our patented technology is becoming the focal point for an industry-wide shift toward sustainable, high-performance proteins.
“Backed by strong technological barriers to entry, we are accelerating our rollout and helping to strengthen European food sovereignty,” said the company’s Chief Executive Officer, Yvan Chardonnens, and its Co-founder and Managing Director, Romain Chayot.
Standing Ovation is redefining dairy protein production through a patented process that converts whey permeates into high-value caseins, a premium ingredient in strong global demand across the agri-food sector.
Building a model where farmers and manufacturers thrive together, the company is also advancing a circular production model, turning dairy side-streams into new revenue streams for producers while providing the food industry with a reliable and sustainable source of protein.
Based in Paris, Standing Ovation has secured eight patent families supporting its technology, which upcycles agricultural sugars and milk whey into high-quality casein.
The process offers environmental benefits by reducing greenhouse gas emissions and water usage, while also lowering dependence on international supply chains through the use of local resources.
-- BERNAMA