French-Tunisian agri-tech startup nextProtein said Friday it secured €1.3 million ($1.4 million) in funding for its work producing animal feedstock from insect larvae. It plans to scale up production at its expanded operations this year.
Funding came from international investors including Xavier Niel’s Kima Ventures, Silicon Valley business angel Jerome Lecat, Khaled Helioui, the couple behind Atelier Cologne: Sylvie Ganter and Christophe Cervasel and crowdfunding equity platform Anaxago and Angelsquare.
“Take aquaculture for example: insects are a significant part of the diets of wild fish, however aquaculture fishmeal is largely based on catches of smaller fish," said CEO Gastli.
