Protix raises EUR 50m in equity for international growth
Summary
Impact investors stepped into the international growth plan of Protix; and the Netherlands-based company raised 50 million euros in equity. EXPONENTIAL GROWTH Protix CEO and founder Kees Aarts says: “We are very pleased to welcome such an impact-oriented group of investors supporting our mission to bring the food system back in balance with nature. This is an important step towards further exponential growth.” Mike Velings and Amy Novogratz, Co-founders and managing partners of Aqua-Spark say: “Scaling alternative aquafeed ingredients was a top priority for us when we launched Aqua-Spark in 2015. So it’s with big excitement that we continue to support Protix as they once again move to the next level of scale, from the largest insect factory in the world producing at capacity to this next phase of exponential growth, they are leading the way in making insect protein an accessible, viable global solution.” “We are excited to become a shareholder in Protix,” notes Peter Nieuwenhuizen, Founding Partner of ECBF. “With their choice for the fast-growing BSF larvae and an operational factory in the Netherlands, we believe they have all the know-how to be leading the insect industry.” Sebastien Renaud, Investment Director, Ecological Transition Capital within BNP Paribas Principal Investments says; “Created in 2009, Protix has been instrumental in proving that insects are an untapped and sustainable source of natural protein to address food challenges.