With an aim to participate in the rise of sustainable food systems by addressing the increasing demand for natural, healthy, and competitive raw materials, French biotech company InnovaFeed has partnered up with the US-based food processing and commodities trading corporation Archer Daniels Midland Company (ADM), to build the world’s largest insect protein plant in Decatur, Illinois.
Raises €140M
With this development, InnovaFeed has also announced that it has raised €140M in a fresh round of funding to accelerate its international expansion plans. This brings the company’s total funding to €200M, to date.