Paris headquartered, nextProtein, says it is ready to scale up production at its new expanded operations this year, after generating €1.3m in fundraising. The company was officially set up in October 2015. It harvests Black Soldier Fly larvae, which is processes into meal and oil for aquaculture, livestock, and pet food, as well as agricultural fertilizer.
Read MoreThe agri-tech startup attracted funds from a range of high-profile international investors including Xavier Niel’s Kima Ventures, Silicon Valley business angel Jerome Lecat, and Khaled Helioui, who has also invested funds in Uber and Deliveroo.
Read MoreThe company’s innovative bioconversion process produces feedstock protein using significantly less land, water and energy resources, with less greenhouse gas emissions, than traditional agriculture. With growing concern about food scarcity and unsustainable farming, edible insect protein could revolutionise the agriculture industry by producing in 150m2 as much protein than from 150ha of soy land.
Read MorenextProtein will scale up production at its new expanded operations in 2017, after securing €1.3 million in fundraising.
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