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

October 6, 2020
Ÿnsect raises $224 million in equity and debt funding.

Backers in the round include Los Angeles VC firm Upfront Ventures and the FootPrint Coalition, an eco-focused investment vehicle financed by actor Robert Downey Jr.

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 Astanor Ventures, Talis Capital, Bpifrance, IDInvest Partners, Finasucre and Compagnie du Bois Sauvage.
December 15, 2016
Ynsect raises a $15,200,000 series B round from Future Positive Capital.
December 2016
Ynsect raises a $15,200,000 series B round from Future Positive Capital, Demeter, Bpifrance, New Protein Capital, Business angels and Emertec Gestion.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Ynsect funding round, February 2019
125,000,000
February 2019
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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

Further reading

Title
Author
Link
Type
Date

French start-up Ynsect raises $125 mln for protein production

Reuters Editorial

Web

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Sarah Drumm
February 18, 2021
Sifted
Mealworms are now on the menu in Europe -- and insect farming giant Ynsect has a plan to get humans to eat its grubs.
Marie Mawad in Paris
February 8, 2021
Sifted
The FT120 is a list of France's 120 startups to watch, according to La French Tech. Here are the newcomers, and oldies, of the 2021 edition.

References

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