Paris-based Innovafeed secures €51 million to scale sustainable insect-based ingredients for animal and plant nutrition

Paris-based biotech startup Innovafeed secured a €51 million funding round largely from its financial partners to enter a new development phase and scale its sustainable insect-based ingredients for animal nutrition, pet food, and agriculture. Historical shareholders including Creadev, QIA, Temasek, FFC, ABC Impact, and ADM supported the round.