Innovafeed raises €140M to build the largest insect protein factory in France

Key facts:

 Why it matters – DigitalFoodLab’s opinion:

Even if both leading insect startups are now expanding their operations to the US, it is heartening to see how France and Europe can build leadership in AgTech. As insects for human consumption was banned in France a few years, and highly discouraged across Europe, many startups have focused their energy on animal feed (notably aquaculture).

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