he 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.'
Read MoreClimate-KIC Accelerator participant, nextProtein , which secured €1.3 million in fundraising in early January is set to expand its activities in 2017. Investors have highlighted the scalability and sustainability of nextProtein 's business model.
Read MoreThere are several macro trends driving innovation in the food system right now, and both “sustainability’ and “increasing demand for protein” are at the top of the list. These trends put the livestock industry, with its high feed-to-protein ratios and poor environmental credentials, at risk of disruption. They also put bugs- specifically black soldier flies (“BSFs” as they’re called by insiders, or maggots if you want to scare people away) firmly on the agritech scene.
Read MoreNextProtein, a Paris and Tunis-based producer of animal feed components and biological fertilizer from insect larvae, has raised €1.3M 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 MoreThe company, created in 2015, announced in mid-January, financed 600,000 euros on the Anaxago and Angelsquare financing platforms, and 700,000 euros from private investors, renowned as Xavier Niel, through the fund Kima Ventures of which he is the founder and majority partner.
Read MoreNextProtein has raised 1.3 million euros, in particular from Kima Ventures. The funds will be used to intensify protein production. The company aims to harvest nearly 300 kg of unsold fruits and vegetables in order to generate a tonne of protein and oil.
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