July 4, 2017, Netherlands - The insect supply industry reached a significant milestone with Netherlands-based Protix, closing 45M€ in funding - delivered by Aqua-Spark, Rabobank, BOM and various private investors.
Protix breeds insects for animal feed, as insects offer a low-impact protein alternative that can be cultivated on a variety of food scraps. This is important as global populations continue to grow and the demand for meat, fish and dairy surges. Food production is increasingly under pressure, with added challenges of deforestation and overfishing.
Protix has turned insect production into a commercial success by serving the animal feed industry, while also developing food applications for consumers. Their products are used in over 12 countries to date - in feed applications ranging from pig and poultry to pet food specialties.
The driver behind Aqua-Spark's interest is Protix promising uses for aquaculture. Fish raised using sustainable aquaculture methods offer a solution to the global food crisis because they have the least environmental impact of any animal protein. Protix has the potential to further elevate aquaculture, while solving feed challenges across multiple industries.
Protix receives funding to scale production of insect proteins
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