Protera Closes $10M Series A Funding

Protera, a Neuilly-sur-Seine, France- and Santiago, Chile-based AI-driven startup designing and developing new proteins to enable a wide range of natural and sustainable solutions, closed a $10m Series A financing.

The round was led by Sofinnova Partners with participation from Mexico’s Bimbo Group, and ICL Group’s food and agtech startup accelerator, ICL Planet.

These key strategic partners will help the company to advance protein design, production and commercialization of new protein-based ingredients.

Founded in 2015 in Chile by Leonardo Álvarez, Chief Executive Officer, and Francia Navarrete, Chief Operations Officer, Protera is advancing the science of protein engineering to address some of the most critical problems and opportunities in food, agriculture, the environment and human health. The company streamlines protein design and development with madi™, a proprietary deep learning algorithm, to predict high value protein products and enzymes at speed. 

Protera is currently scaling-up its manufacturing process and validating its protein-based ingredients with several multinational companies.