To improve global food security and sustainability
Paris based Ÿnsect, a global leader in natural insect protein and fertilizer production has received total financing of $425 million, more than the total amount raised by the entire insect protein sector globally. The capital will allow the company to complete the largest insect farm in the world, now under construction north of Paris, France. It is a negative carbon project, poised to grow its product lines and expand into North America.
The new funding comes from Astanor Ventures (Series C lead investor), LA-based Upfront Ventures, Robert Downey Jr’s FootPrint Coalition, Happiness Capital, Supernova Invest and Armat Group.
A growing global population have increased demand for protein and plants worldwide, for human consumption and as a food source for fish, poultry, pigs and livestock. According to the UN’s Food and Agriculture Organisation, consumption of animal proteins will grow by 52 per cent between 2007 and 2030, posing a serious risk for the world’s fragile ecosystems.
To address this problem, Ÿnsect has created a patented process for cultivating Molitor mealworm to produce highly digestible protein and fertilizer products. These products sustainably replace animal proteins consumed in the supply chain by fish and livestock farms, in pet food, and fertilizers.
