Brief: French insect farm InnovaFeed scoops up $250m led by Qatar, plans expansion to US
The insect protein startup plans to operate 10 facilities that farm insects for protein by the end of the decade, starting wtih the US.
The insect protein startup plans to operate 10 facilities that farm insects for protein by the end of the decade, starting wtih the US.
Roughly 70% of German agrifood’s $3.3 billion in funding went to just two companies, both part of the now-struggling instant-delivery sector.
The French startup is aiming to have its first biofungicide product on the market within the next three years.
The French startup will use the funding to accelerate its expansion into North America.
The Paris-based startup will supply insect protein to ADM’s pet foods division, to create “high-quality nutritional” products with “a significantly lower carbon footprint and land requirement.”
The pair are expanding on their earlier collaboration, which “uncovered 10 times more bioactives than previously known” in the soybean plant.
The Breton startup claims its products can stimulate beneficial fungi growth, improve soil structure, fix nitrogen, and improve root nutrition.
The Paris-based platform allows European farmers to browse and buy 150,000 products from 350 ag equipment manufacturers.
The Toulouse-based startup has developed technology that can enhance favorable genetic traits in crops without the need to tinker with their DNA.
MiiMOSA recently raised $9 million in venture funding from Astanor and other investors in an effort to expand its market reach.
Ÿnsect will initially target the sports nutrition segment following the EU’s approval of mealworms as safe for humans to eat.
The French startup uses AI to help supermarkets identify items near expiration and determine whether they should be discounted or donated to charity.
The Paris-based startup offers AI-powered hardware that can be mounted onto the roof of a tractor, sprayer, or spreader to automate operations.
The Beijing-based startup will use the funding to accelerate its global expansion, partnering with other agrifood businesses in Creadev’s portfolio.
Remote sensing startups like France’s SpaceSense generate satellite data insights for precision agriculture by developing pattern recognition algorithms.
The French startup – which farms mealworms to produce ingredients for fish feed, pet food, and crop fertilizers – claims it’s the biggest insect protein round ever.
With the pursuit of carbon neutrality still looming large over political and corporate agendas, companies across Europe have been searching for new ways to unplug their production lines from petroleum-based products.
CEO Leonardo Álvarez said there were near-term gains to be made by zeroing in on replacing unhealthy and ineffective ‘E-number’ chemical preservatives.
NextProtein, a French-Tunisian startup working on new ways to produce insect-based animal feed and fertilizer, has raised €10.2 million ($11.2 million) in Series A funding,
The acquisition will add 1,800 weather stations to the company’s existing European network to support hyper-local weather data for farmers.