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ADM, Cargill, Qatari sovereign wealth fund lead $250 million investment into insect meal producer Innovafeed

This new round of financing, which includes additional participation from ADM and Cargill, brings Innovafeed's total cumulative financing to $450 million.

"The confidence demonstrated in us by our partners through a new round of fundraising confirms the insect industry is a key solution for our planet’s food production needs," said Clément Ray, Co-founder & CEO of Innovafeed.
"The confidence demonstrated in us by our partners through a new round of fundraising confirms the insect industry is a key solution for our planet’s food production needs," said Clément Ray, Co-founder & CEO of Innovafeed.Photo: InnovaFeed
Published 20 September 2022, 19:06Updated 20 September 2022, 19:25
Alternative feedInnovafeedClement RayInsect MealInvestments