Two years after launching the production of its insect protein at its site in Nesle (Hauts-de-France), Innovafeed continues to feel like it's growing.
On Tuesday, the start-up that breeds black soldier flies for animal feed and aquaculture announced that it had raised 250 million euros.
This round table was carried out with its historical investors (the Singaporean sovereign fund Temasek or that of the Mulliez family, Creadev) but also with QIA, the sovereign fund of Qatar, and the giants of commodity trading ADM and Cargill,
“in a very minority way
” according to the co-creator of the company Clément Ray.
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Insect proteins: InnovaFeed raises 140 million euros and sets up in the United States
After this fundraising completed at the end of June, the young shoot has totaled some 450 million euros collected since its creation in 2016. Enough to make its American dream come true.
In addition to R&D on the genetics of its insects, this new funding round will finance, in equal parts, extensions of its French vertical farm in Nesle and the construction of a new…
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