French mealworm producer Ynsect continues to struggle financially, despite securing nearly $625 million across nine funding rounds since its founding in 2011. Previously hailed as a leader in insect-based protein and pet food production, the company entered restructuring last year to avoid insolvency and is now reportedly exploring the sale of its production assets. Meanwhile, another French insect protein company, Agronutris, is also facing financial troubles, with its parent company EAP reportedly nearing bankruptcy. Unlike Ynsect, Agronutris specializes in black soldier fly production, which experts consider easier to manage. Both companies cite challenging economic conditions as a key factor in their difficulties
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