Quadia is happy to announce that it has taken part in Ynsect’s latest investment round, which is the largest-ever ag-tech investment outside the US, with a total of USD 175m.
At capacity, Ÿnsect’s largest farm to date will produce around 20,000 tons of protein annually. Alongside this new facility at Amiens, the investment will also enable Ÿnsect to step up their international expansion programme by opening a new factory in North America.
Ynsect provides a sustainable alternative to conventional animal food which has a documented adverse impact on our ecosystems. By offering insect-derived products, they address the growing market demand for meat and fish while contributing to reducing the ecological footprint of these industries.
Read the complete press release here.