Company Overview
About Innovafeed
Innovafeed is a global biotechnology company and insect protein producer that uses black soldier fly (BSF) larvae to convert food waste and agricultural byproducts into high-quality proteins and oils for aquaculture, poultry, livestock, and pet food applications. Founded in 2016 and headquartered in Paris, France, the company operates two production facilities in France — including its flagship Nesle plant, the world's largest insect production facility at 55,000 square meters — and is expanding to the United States with a forthcoming insect vertical farm in Illinois.
Business Model & Competitive Advantage
Innovafeed has raised over $450M in cumulative funding, anchored by a $250M Series D round, from investors and strategic partners including Cargill, Temasek, and other global agribusiness leaders. The company's insect protein and oil products are sold to feed manufacturers and integrators as sustainable, high-protein replacements for fishmeal and soybean meal — conventional feed ingredients associated with overfishing and deforestation. BSF larvae convert feedstocks at high efficiency, producing minimal waste and generating the insect frass (excrement) as an organic fertilizer byproduct.
Competitive Landscape 2025–2026
In 2025, Innovafeed and the French research institute IRBI launched the FrenchFly project, backed by Bpifrance through France's national France 2030 investment plan, to strengthen France's position in the insect protein sector. A Washington Post feature in 2025 highlighted Innovafeed's Nesle facility as the world's biggest bug farm, reflecting growing mainstream recognition of insect-based protein as a viable solution to the sustainability challenges of conventional animal agriculture. The company is targeting new fundraising rounds of €100–150M to continue its European and US expansion.
Key Differentiators
Strong Challenger
Innovafeed is an established challenger with significant market presence and competitive offerings in Food, Beverage & AgTech.
Frequently Asked Questions
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