Insect Farming Company Ynsect Raises $150 Million
Small Business Labs
FEBRUARY 25, 2019
Ynsect , a Paris-based producer of insect protein used in fish farming and pet food, recently raised $125 million. The company is using the money to expand in the U.S. and build the world's largest insect farm in Northern France. They plan to grow mealworms, which are larvae of the beetle species Tenebrio molitor (not that you care) at the plant. Key quote from CEO of Ynsect from the TechCrunch article Tech investors see bugs as a big business as Ÿnsect
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