Announced
Completed
Synopsis
Ÿnsect, the ag-tech innovator that specializes in breeding insects and transforming them into premium ingredients for fish feed, pet food and organic plant fertilizers, has raised a $372m in the Series C round. The investment will be used to scale up production by building the world’s biggest insect farm in Amiens Metropole, Northern France and develop the company internationally, particularly in the North American market. “With the global population expected to grow to nine billion by 2050, current acquaculture and animal feeding practices are unsustainable. Ÿnsect taps into a huge, yet highly inefficient global market by offering a premium and – above all - sustainable insect-derived product through a fully automated, AI-enabled production process. Of the many things that excite us about Antoine and the Ÿnsect team, their 50+ years combined experience in insect farming, physiological entomology and biochemistry, we believe, is unmatched,” Matus Maar, Talis Capital Co-Founder and Managing Partner.
Show Details & Financials
Did you work on this deal?
Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.
By continuing, you agree to our Terms & Conditions and our Data Privacy Policy
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.