Ÿnsect Raises $224M to Revolutionize Sustainable Protein Production
French biotech startup Ÿnsect has secured an additional \(224 million in funding through a combination of equity and debt financing. This latest injection brings their total funding to \)372 million, accelerating their mission to transform the global food supply chain with insect-based protein solutions.
Key Investors and Funding Breakdown
- $139 million in debt financing
- $65 million in equity investment
- Backed by prominent investors including:
- Upfront Ventures (Los Angeles)
- FootPrint Coalition (Robert Downey Jr.’s sustainability fund)
- Astanor Ventures
- Happiness Capital
Building the Future of Food Production
The funding will support construction of the world’s largest vertical insect farm in Amiens, France, scheduled to open in early 2022. This state-of-the-art facility will:
- Produce 100,000 tons of insect products annually
- Create 500 direct and indirect jobs
- Feature fully automated production from breeding to packaging
Why Insect Protein Matters
The Aquaculture Challenge
With wild fish stocks declining due to climate change and overfishing, aquaculture has become crucial:
- 50% of global fish supply now comes from farms
- Current fish feed relies on unsustainable wild-caught anchovies
- Annual demand for fish feed exceeds 44 million tons worldwide
Ÿnsect’s Sustainable Solution
The company’s mealworm-based protein offers:
- Higher nutritional value for farmed fish
- Lower environmental impact than traditional feed sources
- Scalable production to meet growing demand
Leadership Vision
“Ÿnsect isn’t just about insect farming,” said CEO Antoine Hubert. “With climate change and population growth, we need to produce more food with fewer resources. Our technology helps preserve forests and oceans while meeting global protein needs.”
Market Potential and Expansion
Ÿnsect has already secured $105 million in contracts with major clients including:
- Skretting (aquaculture feed)
- Compo Group (fertilizers)
- Torres (vineyards)
Future plans include:
- Expansion into the U.S. market
- Development of wet pet food products
- Potential human food applications
Investor Perspectives
Yves Sisteron of Upfront Ventures noted: “Ÿnsect solves a critical challenge - providing scalable, nutrient-rich protein for aquaculture without depleting ocean ecosystems.”
Jonathan Schulhof of FootPrint Coalition added: “The aquaculture industry is fascinating, and Ÿnsect’s approach aligns perfectly with our mission to support climate-positive technologies.”
With $425 million raised since 2011 and strong industry partnerships, Ÿnsect is positioned to lead the sustainable protein revolution.
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