Silicon Canals
No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us
No Result
View All Result
Silicon Canals
No Result
View All Result

Dutch biotech-startup Protix banks €45M to breed insects for aquaculture

Remco Janssen by Remco Janssen
June 13, 2017
in Health & Medtech, (Crowd)funding, Startups
protix
LinkedInTwitterWhatsAppFacebook
Read this article in:

Did you know that one-third of caught fish is used to process into animal fodder? According to Protix, a biotech-startup founded in 2009, that’s a huge waste. Insects – actually, larvae, could serve as a great protein alternative. Today, the company announced it closed a whopping €45M funding round, led by Aqua-Spark, the first investment company focused on sustainable aquaculture. Dutch bank Rabobank, regional investment fund BOM and various private investors participated in the round.

Low-impact protein

Protix breeds insect larvae for animal feed, as they offer a low-impact protein alternative that can be cultivated on a variety of food scraps. According to the biotech-startup, “this is of the utmost importance as global populations continue to grow and the demand for meat, fish and dairy surges. Food production is increasingly under pressure, with added challenges of deforestation and overfishing.”

Aquaculture

The reason behind Aqua-Spark’s investment is Protix potential uses for aquaculture. Cultivated fish raised using sustainable aquaculture methods could offer a solution to the global food crisis because they have a lower, perhaps the lowest, environmental impact of any animal protein. Now, 33% of all wild-caught fish is processed into animal feed, and alternatives like soy contribute to deforestation and do not reflect a natural diet.

Insect production

The Brabant-based startup, that labels itself as a technology and data-driven company, has turned insect production into a commercially viable model by serving the animal feed industry, while also developing food applications for consumers. Protix’ products are used in over 12 countries to date, in feed applications ranging from pig and poultry to pet food specialities. One of the clients is three-star Michelin restaurant De Librije, that serves insect fed trout.

Protix found by two McKinsey colleagues

Protix was founded in 2009 by two former McKinsey & Company colleagues, Kees Aarts and Tarique Arsiwalla. “With €45M in funding, we plan to expand Protix’s production capacity, especially within the aquaculture industry where the main challenge is creating a sustainable, healthy feed. Protix will also deepen its biological and technical R&D and diversify to other markets like food,” CEO Kees Aarts stated.

Aqua-Spark

Utrecht-based Aqua-Spark, founded by Mike Velings and Amy Novogratz, note that they’re “selective about the companies we invest in; and Protix fits well with Aqua-Spark’s portfolio and aligns with our mission and values. Combined with excellent potential returns and through its partnership with Bühler, the leading solution provider for the food and feed industry, Protix is expected to enable industry acceleration globally.”

Tags: aqua-sparkBOMprotixrabobank
ShareTweetSendShare

Partner content | Partner with us

Germany’s Sastrify expands market reach; acquires Amsterdam-based Pengu and raises fresh funds

Amsterdam-based startups that are fundraising right now

Founders on Bootstrapping: Insight’s Farzan Najmeddin on when to bootstrap, future of work, and funding

Check out the Amsterdam startups that raised funding in November; 5 of them are hiring

Dutch-Swiss startup Cradle raises €21.9M for pioneering Generative AI in protein design

Silicon Canals | Find a job

Top news | from Amsterdam

Amsterdam’s LAYCO raises €300K to make healthcare more sustainable and accessible

Amsterdam’s ImpactPilot set to revolutionise customer success through HubSpot integration

Meet the winners of the Amsterdam Science & Innovation Award 2023

Amsterdam’s grocery app Crisp bags €35M from Adriaan Mol, Thomas Plantenga, others 

Amsterdam fintech Silverflow raises €15M to fuel its “aggressive” global expansion plans

  • About Silicon Canals
  • Partner with Silicon Canals
  • Impressum
  • Contact us
  • Sign up for our newsletter!
  • Find a job
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

X
X