Standing Ovation Secures €3.75M for Animal-Free Casein, Targets U.S. Market Launch by 2025 with New Leadership
This latest funding round adds to the €12 million raised in 2022, with contributions from Astanor Ventures, Peakbridge, Seventure, and Good Startup, bringing the total raised to €23 million in four years. Additional financial support has come from the French government and Bpifrance.
Standing Ovation has also announced the appointment of Yvan Chardonnens as CEO to drive its industrial-scale production. Chardonnens brings over 30 years of experience from global firms such as Oterra and Firmenich. Under his leadership, the company aims to accelerate its regulatory approvals, strengthen its market strategy, and begin large-scale production.
The company’s partnership with dairy giant Bel Group, known for brands like Babybel and The Laughing Cow, further solidifies its position in the global dairy alternative market. Standing Ovation’s casein products, which offer sustainability benefits with significantly reduced CO2 emissions and water use, are positioned to meet the growing demand for animal-free dairy solutions.
Co-founder Romain Chayot, now managing director, emphasized the company’s commitment to scaling up production to meet global demand for their innovative casein products.