ChickP Protein raises $8m in Series A round

Israeli food-tech start-up ChickP Protein has completed a Series A investment round, raising a total of $8 million.

The round was led by a group of executive investors from Singapore’s Genisys Capital, and backed by plant-based nutrition company Growthwell Foods with its leading investor Temasek Holdings.

The company has also named Liat Lachish Levy as CEO. Levy is experienced in global corporations and specialises in both retail and foodservice sectors.

“Over the past few months, ChickP has been planting the seeds for accelerated growth in the US, Europe and Asia,” said Levy. “This investment will bring greater scale-up and commercialisation capabilities with our partners for our chickpea isolate ingredient, in multiple territories. Moreover, the expansion of ChickP’s team and opening of our new offices, including an R&D centre and applications lab, will support local commercial activities.”

This round follows earlier investments totalling $10 million.

In 2020, ChickP announced that it had launched a native starch developed from chickpea for food and beverage applications.