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Israeli food-tech firm InnovoPro raises US$4.25m for chickpea protein innovation

Israeli food-tech company InnovoPro has raised US$4.25 million in funding in a round led by Migros, Switzerland’s largest retailer and Erel Margalit, Founder and Chairman of Jerusalem Venture Partners (JVP), a leading Israeli Venture Capital fund. InnovoPro will use the new capital to scale its production, support sales and expand into strategic global markets. InnovoPro produces “the world’s first” 70 percent protein concentrate from chickpeas, which the company reports features high nutritional values as well.

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