Innovafeed: The latest figures, news and market research on Innovafeed

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Country: France

Created in 2016 by Aude Guo and Clément Ray, the company is developing a technology to raise The Hermetia Illucens fly to produce animal feed.
The company is raising €140 million in November 2020 to finance its development
Two production sites in France and one in the USA
350 employees

Innovafeed raises flies on a production line in the Somme with AI 09/05/2023

French start-up specialized in insect-based protein production, launched seven years ago.
Innovafeed's technology uses the black soldier fly (Hermetia illucens) to create animal and plant proteins.
Innovafeed has raised up to €450 million from investors including US food giants Cargill and Archer-Daniels-Midland Company (ADM), the Qatar Fund and the Mulliez family.
The black soldier fly used by Innovafeed can multiply its weight by 10,000 in just two weeks.
The company has secured one billion euros in contracts between now and 2030.
Innovafeed has invested 25 million euros in the extension of its Nesle site, which should reach over 50,000 m2 of floor space on completion.
Innovafeed plans to replicate its model in Illinois, USA, with the opening of a plant in 2024.

Innovafeed insects ready to feed fish and poultry 20/09/2022

The French start-up is positioning itself on the backyard chicken feed market in the United States.
It made a name for itself by breeding beetles to produce powder used in feed for farm animals and pets
Acquisition of Jord Producers, an American company that raises mealworms and sells them whole (live or dried) to backyard hen owners.
market estimated at 400 million euros in the U.S
Ÿnsect has raised over 360 million euros since its creation in 2011
plant producing insect-based ingredients for animal feed near Amiens, France

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