Dechert Advises Protera on its US$5.6 Million Series A Financing Round

Dechert advised Protera, an AI-driven start-up designing and developing new proteins for the food, agriculture, environment and health industries, in connection with its US$5.6 million Series A financing led by Sofinnova Partners, a leading European life sciences venture capital firm. Existing shareholder SOSV, a U.S.-based tech venture capital firm, also participated.

The financing is intended to support the commercialization of Protera’s protein ingredient portfolio. The company is about to begin pilot trials with multinational food companies to deploy a unique, clean-label protein that extends shelf-life and replaces chemically-derived ingredients.

Dechert advised Protera on the following:

• Corporate aspects: Anne-Charlotte Rivière, partner, with Aude Steinberg, associate;
• Intellectual property aspects: Marie Fillon, national partner.