Protera’s €3.5 Million New Series A Financing

Goodwin Procter advised Protera on the deal.

Protera announced its €3,5 million new Series A financing.

The round was led by Sofinnova Partners and SOSV – existing investors in Protera’s Series A financing in June 2020 – and new industrials partners ICL Group Ltd. and Grupo Bimbo. The final close of its Series A financing amounts to €8,5 million.

This financing will allow the start-up to advance its protein platform and support the commercialization of its product portfolio.

Protera is an AI-driven startup designing and developing new proteins to enable a wide range of natural and sustainable solutions.

Sofinnova Partners is a leading European venture capital firm in life sciences, specializing in healthcare and sustainability.

Grupo Bimbo is the largest and leading baking Company in the world and a relevant participant in snacks.

ICL Group Ltd. is a leading global specialty minerals and chemicals company that creates impactful solutions for humanity’s sustainability challenges in global food, agriculture, and industrial markets.

The Goodwin team was led by Anne-Charlotte Rivière (Picture) and included Aude Steinberg on corporate aspects.

Involved fees earner: Anne-Charlotte Rivière – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Protera;

Author: Federica Tiefenthaler