Ynsect

Ynsect

Ynsect is a company that develops ingredients for aquaculture, pet food and fertilizer using insect protein.

As of February 2019, Ynsect had raised $175m in funding. Ynsect plans to construct a production farm in Amiens, Northern France and a factory in North America. The farms will be run by robots. The type of mealworm beetle raised by Ynsect is used in fish food, pet food and plant fertilizer.

The company expects that their farm will produce about 20,000 tons of protein per year on an automated farm that uses machines to feed, monitor and harvest the insects as one-inch larvae. The larvae are boiled and processed into a brownish powder which can go into food for shrimp, salmon and trout. The company has a smaller scale production already in Burgundy where it uses sensors and predictive mathematical models for automation.

Timeline

February 21, 2019

Series C

$125m in a financing round, led by Astanor Ventures. The financing will fund a production site in Amiens, France.

February 2019

Ynsect raises a $125,000,000 series C round from Bpifrance, Compagnie du Bois Sauvage, Astanor Ventures, Talis Capital, IDInvest Partners and Finasucre.

December 2016

Ynsect raises a $15,200,000 series B round from Bpifrance, New Protein Capital, Future Positive Capital, Business angels, Demeter and Emertec Gestion.

People

Name
Role
LinkedIn

ALEXIS ANGOT

SECRETARY GENERAL

Antoine Hubert

CEO

BENJAMIN ARMENJON

BUSINESS DEVELOPMENT DIRECTOR

FABRICE BERRO

FARMING R&D DIRECTOR

FRANÇOISE LESAGE

CHIEF FINANCE OFFICER

JEAN-GABRIEL LEVON

VICE-PRESIDENT

NATHALIE BEREZINA

TRANSFORMATION R&D DIRECTOR

THIBAULT DU JONCHAY

CHIEF INDUSTRIAL OFFICER

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

References

Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.