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RSS FeedsTech investors see bugs as a big business as `Ynsect raises $125 million
(WorldNews France)

 
 

21 february 2019 17:51:05

 
Tech investors see bugs as a big business as `Ynsect raises $125 million
(WorldNews France)
 


A company using advanced technologies to grow and harvest mealworms (larval beetles) at scale is on track to become one of the venture capital industry’s oddest billion dollar investments. `Ynsect, (pronounced ‘insect”) is a Paris-based producer of insect protein that has just closed on $125 million as the company looks to expand into North America selling bug-based nutrients to fish farms, animal farms, and the everyday harvesters of vegetables. The company isn’t worth $1 billion… yet. But that’s clearly the goal as it bulks up for a global expansion effort. According to the company’s chief executive Antoine Hubert, a former...


 
2 viewsCategory: General > Europe > France
 
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