The Dutch expert in insect-based ingredients, Protix, has raised 50 mio euros in equity for its international growth. The new funding, which comprises the investors European Circular Bioeconomy Fund (ECBF), BNP Paribas, the Prince Albert II Foundation and The Good Investors, is also supported by existing shareholders Aqua-Spark, Rabo Investments and Invest-NL.
Protix, which claims to be the world market leader in ingredients from insects, said in a press release that it would use the proceeds for further international expansion and ground-breaking R&D. Protix produces natural and sustainable ingredients from insects and it farms larvae from the black soldier fly.
The insects are used in various feeds for pets, fish, chickens and other animals, just as in nature. Protix has announced that the next growth phase is all about global site expansion, building new facilities and increasing capacity.
