# Bel Group

> Bel Group is a VC fund in Paris backing Food and Beverage, Food Processing and Dairy. See 8 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Paris, France
- Total investments: 8
- Last investment: Mar 2026
- Lead investor: 50%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/belcorporate/
- X (Twitter): https://twitter.com/belcorporate
- Website: https://www.groupe-bel.com/

Bel Group is a multinational cheese marketer centered in France. It manufactures and distributes processed and semi processed cheeses, frequently packaged in individual portions.

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $2.5M–$12M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Food and Beverage | 5 | 63% |
| Food Processing | 3 | 38% |
| Dairy | 2 | 25% |
| Agriculture | 2 | 25% |
| Retail | 1 | 13% |

14 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 3 | 38% |
| Seed | 1 | 13% |
| Series B | 1 | 13% |
| Funding Round | 1 | 13% |
| Post-IPO Secondary | 1 | 13% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 2 | 25% |
| China | 1 | 13% |
| France | 1 | 13% |
| Israel | 1 | 13% |
| Indonesia | 1 | 13% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Standing Ovation | Standing Ovation develops food technology solutions using precision fermentation to produce animal-free dairy proteins for food manufacturing. The company creates casein proteins through engineered microorganisms, enabling the production of cheese and other dairy products without relying on traditional animal farming.Its core product, AdvancedCasein, is designed to replicate the functional, nutritional, and taste properties of conventional milk proteins while reducing dependence on livestock-based supply chains. The production process involves cultivating microorganisms, feeding them plant-based inputs, and extracting proteins that can be incorporated into standard dairy processing methods. Standing Ovation applies these proteins in the development of cheese alternatives that follow traditional cheesemaking techniques, allowing compatibility with existing manufacturing systems. The resulting products are lactose-free and aim to maintain similar texture and performance characteristics as conventional dairy ingredients in food applications. | $28.6M | Series B | Mar 31, 2026 |  |
| Mad Agriculture | Mad Ag was founded to help shape the new agrarian culture. Their mission is to help farmers and ranchers thrive ecologically and economically. They work on-the-ground with producers to create Regenerative Farm Plans. They don’t shy away from dreaming big about the ecological, social and economic potential of regenerative farming. They are healinglandscapes that have been mismanaged and need love, care and stewardship. | $500K |  | Nov 12, 2025 |  |
| Mulia Boga Raya | Mulia Boga Raya is a food production company. The products are distributed through various channels, including modern retailers such as supermarkets, hypermarkets, minimarts, and grocery stores, and traditional retailers such as block cheese, sliced cheese, and others. | $43.6M | Post-IPO Secondary | Aug 12, 2025 |  |
| Bettani | Climax Foods is a data science company innovating the future of food. It has developed sophisticated machine intelligence tools to unlock smarter paths from plants to products, creating a new generation of plant-based foods that will out-compete animal-based predecessors.Together, a team of top data and food scientists from around the globe areintelligently harnessing the vast biodiversity of the plant kingdom to create the pinnacle of flavor, texture, and nutrition — at a price point for everyone.Climax Foods was founded in 2019 and is headquartered in Berkeley, California, United States. |  | Seed | Apr 11, 2023 |  |
| Laojinmofang | Laojinmofang is a new Chinese-style healthy snack brand, which integrates independent research and development, production and sales. |  | Series A | Apr 06, 2023 |  |
| Standing Ovation | Standing Ovation develops food technology solutions using precision fermentation to produce animal-free dairy proteins for food manufacturing. The company creates casein proteins through engineered microorganisms, enabling the production of cheese and other dairy products without relying on traditional animal farming.Its core product, AdvancedCasein, is designed to replicate the functional, nutritional, and taste properties of conventional milk proteins while reducing dependence on livestock-based supply chains. The production process involves cultivating microorganisms, feeding them plant-based inputs, and extracting proteins that can be incorporated into standard dairy processing methods. Standing Ovation applies these proteins in the development of cheese alternatives that follow traditional cheesemaking techniques, allowing compatibility with existing manufacturing systems. The resulting products are lactose-free and aim to maintain similar texture and performance characteristics as conventional dairy ingredients in food applications. | $12M | Series A | Sep 14, 2022 |  |
| Yofix | Yofix develops and manufacture dairy & soy free fermented plant base pre & pro-biotic foods.Excellent taste and texture, clean label – no artificial or preservative added, made of cereals, lentils, grains and seeds contain high nutritional values at competitive costs & sustainable production process.The first product ready tomarket is a plant base yogurt which will be followed by yogurt drinks, deserts, frozen yogurt, ice cream base and more | $3.5M | Series A | Aug 01, 2021 |  |
| Yofix | Yofix develops and manufacture dairy & soy free fermented plant base pre & pro-biotic foods.Excellent taste and texture, clean label – no artificial or preservative added, made of cereals, lentils, grains and seeds contain high nutritional values at competitive costs & sustainable production process.The first product ready tomarket is a plant base yogurt which will be followed by yogurt drinks, deserts, frozen yogurt, ice cream base and more | $2.5M | Series A | Feb 05, 2020 |  |

8 of 8 investments shown.

## Co-investors
- [Big Idea Ventures](https://shizune.co/investors/profile/big-idea-ventures) — VC Fund, 3 deals together
- [Astanor Ventures](https://shizune.co/investors/profile/astanor-ventures) — VC Fund, 2 deals together
- [Good Startup](https://shizune.co/investors/profile/good-startup) — VC Fund, 2 deals together
- [Seventure Partners](https://shizune.co/investors/profile/seventure-partners) — VC Fund, 2 deals together
- [Adams Group](https://shizune.co/investors/profile/adams-group-7f0b) — VC Fund, 1 deal together
- [Ancient Nutrition](https://shizune.co/investors/profile/ancient-nutrition) — VC Fund, 1 deal together

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## FAQ

### What does Bel Group invest in?

Bel Group invests primarily in Food and Beverage, Food Processing and Dairy startups, most often at Series A and Seed stage. Most of the 8 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Bel Group's check size?

Bel Group typically joins rounds of $2.5M–$12M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Bel Group participates in.

### When did Bel Group last invest?

The most recent investment recorded for Bel Group closed in Mar 2026. Shizune tracks 8 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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