First round table for the Franco-Tunisian manufacturer of NextProtein insect-based animal food components. The 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 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 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 start-up NextProtein launches with 0.9 million euros as shares the Capital Finance of Echos . It is a new producer of insect-based animal feed components. Founded in October 2015 in Orsay, the start-up has an insect breeding operation. A 300 m 2 production facility , 40 km south of Tunis. Included in this equity, € 0.4 million from the Anaxago crowdfunding platform. The start-up can also count on new shareholders, business angels, as Xavier Niel with Kima Ventures, Jérôme Lecat and torque founder of Atelier Cologne.
Read MoreNextProtein, a French-Tunisian agri-tech startup, specialised in producing animal feed from insect larvae has received €1.3 million in fundraising. This makes it possible to scale up production at its new expanded operations in 2017. The company uses Black Soldier Fly larvae and process them into valuable components for aquaculture, livestock and pet food, and agricultural fertiliser
Read MoreNextProtein has just announced that it has completed a seed fund raising of EUR 1.3 million for its innovation program in the field of insect feed materials for animal feed. The company uses an innovative bioconversion process to produce oil and fertilizer proteins on a reduced surface area and with considerably less water and energy than conventional farming methods, Reducing greenhouse gas emissions.
Read MoreThis makes it possible to scale up production at its new expanded operations in 2017. The company uses Black Soldier Fly larvae and process them into valuable components for aquaculture, livestock and pet food, and agricultural fertiliser.
After reaching the 2016 daily milestone of producing 30 kg of insect larvae from 300 kg of fruit and vegetable waste, nextProtein aims to convert between five and 10 tonnes of organic waste into one tonne of protein and oil from its new 2500m2 production site and its 15-person team, in 2017.
With 24 fundraisers recorded from 14 to 20 January, the week will have been more than fruitful for the French startups. However, while the amounts were relatively high last week (only one exercise was less than one million euros), this week we see ten levies close to one million euros.
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