InovoPro an Israeli start-up has raised $15 million in a funding round. The proceeds will be used to increase production capacity and to advance ongoing business including marketing and joint ventures. InovoPro has developed a chickpea protein concentrate with a 70 percent content that is three times the level of native chickpeas. The additive will presumably be used in vegetable-based meat substitutes.
The company is establishing commercial relations with food producers in the EU and the U.S.