Innovafeed raises further USD 250 million to accelerate growth

Black soldier fly larvae being handled at an Innovafeed facility.

Nesle, France-based insect meal producer Innovafeed has raised USD 250 million (EUR 256.1 million) in Series D funding with the round led by Qatar Investment Authority (QIA), existing investors Creadev and Temasek, and new investors ADM and Cargill – both of whom have strategic partnerships with Innovafeed – as well as Future French Champions, ABC Impact, IDIA Capital Investissement, and Grow Forward.

This latest round of financing brings Innovafeed’s total cumulative financing to USD 450 million (EUR 461.2 million). It has also already secured commercial partnerships for volumes representing more than EUR 1 billion (USD 975.8 million) over the next 10 years ... 

Photo courtesy of Innovafeed

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