October 6, 2022

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Home » Another food-tech start-up promises to scale precision fermentation-derived cheeses

Another food-tech start-up promises to scale precision fermentation-derived cheeses

The Paris-based company is creating caseins with precision fermentation in order to produce cheeses that are virtually indistinguishable from the real thing, without the environmental and animal welfare problems.

A financing round of €12 million led by Astanor Ventures, with the participation of PeakBridge, Seventure Partners, Big Idea Ventures and Good Startup will be used to finance the next phase in the company’s development and scale its technology to meet industrial demand.

The round, completed less than two years after its creation, will also be used to perfect its processed products and initiate the regulatory process. Frederic Paques, CEO of Standing Ovation, told FoodNavigator the company is developing a B2B model for a ‘quick deployment of commercialization, addressing food companies all over the world, to leverage existing distribution and sales channels’. “We position ourselves as product providers, not technology providers,”​ he explained. “The first products in our pipeline are caseins, and we are targeting commercialization in 2024, on a B2B, ingredient branding, model. On a longer term, we plan to diversify our offer, and to move down the value chain, by manufacturing our own processed products.”

The company wants to explore caseins, we were told, to obtain true replicas of cheese products, with a focus on fresh and soft cheeses. Standing Ovation said it has developed a protein production process that allows the development of 100% non-animal and lactose-free substitutes for cheese and dairy products.