In January of this year, NextProtein, another Paris-based producer of animal feed components and biological fertilizer from insect larvae, raised €1.3 million in a funding round featuring Kima Ventures, along with angel investors – Jerome Lecat, Khaled Helioui, (who also backed Uber and Deliveroo), Sylvie Ganter, Christophe Cervasel, and participants from the Anaxago financing platform and AngelSquare
Read MoreFounded in 2015 by the Syrine Chaalala couple and Mohamed Gastli, nextProtein raises flies from black soldiers and transforms them into components dedicated to animal feed, as well as a biological and natural fertilizer for agriculture. What to do with depletion of resources, degradation of environments and the imperatives of climate change.
Read MoreHow to feed the 9 billion people who will inhabit our planet in 2050? NextProtein, a young French-Tunisian agri-tech shoot (based in Orsay, with operations in the suburbs of Tunis) provides an answer by proposing components intended for animal feed based on insect larvae.
Read MoreAt a time when food scarcity and unsustainable agriculture are causing great concern, nextProtein's ambition is clear: to manufacture insect larvae with components intended for animal feed. A bold but obviously convincing bet, as evidenced by the start-up levy of 1.3 million euros made by the young Franco-Tunisian start-up among international investors
Read MoreStartups in seafood and aquaculture technology raised $193 million in 2016, a 271% increase on the $52 million raised across both 2014 and 2015, according to AgFunder research. Five startups growing insects for fish feed raised funding during 2016. They include Ynsect, AgriProtein, Hexafly, Khepri, and nextProtein.
Read Morehe Franco-Tunisian start-up NextProtein , founded in 2015 and based in Orsay, wants to penetrate the market, starting with the conquest of that of food (soy or fish meal) for animals. In order to do so, a new 2,500 m² factory will soon be built in Grombalia, south of Tunis, notably thanks to a new fund raising of 1.3 million euros, which it has just completed
Read MoreAs restrictions diminish, can flies really produce an alternative?French-Tunisian agri-tech startup nextProtein has another...the product in Tunis, Tunisia, but nextProtein is carefully following the European Union’s production standards. In December, the EU authorized the use...alternative.” nextProtein hopes to sell the protein for about €1,000 to €1,200 ($1,070/$1,285) per metric ton, far less than traditional fishmeal.
Read MoreMohammed Gastil, CEO, comments: 'We feed insects on organic waste, namely fruit and vegetables from markets - converting food otherwise wasted into a sustainable major component of aquaculture fish meal and alleviating pressure on severely depleted wild fish stocks.'
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