As per the UN, the world population is expected to reach a staggering 9.8B in 2050. If we near the said number in the future, it’s estimated that food production will need to be double as compared to today. While the next best solution would hopefully be nothing as horrifying as portrayed in the 1973 American ecological dystopian thriller film Soylent Green, insects could bring in the next food revolution. France-based startup Ÿnsect farms insects to manufacture high-quality ingredients for aquaculture and pet nutrition. It has now raised a notable €190.6M in a Series C extension round.
Largest insect farm in the world
The latest funding round for Ÿnsect was an extension of its Series C round. Astanor Ventures led the round, along with LA-based Upfront Ventures and Robert Downey Jr. ‘s FootPrint Coalition. Existing investors such as Hong-Kong-based Happiness Capital, Supernova Invest and Armat Group also participated, along with initial Series C investors including Bpi France (including Programmes d’Investissements d’Avenir funds), Talis capital, IdInvest, Finasucre, Bois Sauvage, Vis Vires New Protein Capital.