Protix, an expert for insect-based ingredients, could obtain 50 mio euros to realise its plans for international expansion. The new investors, European Circular Bioeconomy Fund (ECBF), BNP Paribas, the Prince Albert II Foundation and The Good Investors, were supported by existing shareholders Aqua-Spark, Rabo Investments and Invest-NL.
The Dutch company that shall be world market leader in insect protein ingredients stated in a press release „it would use the proceeds for further international expansion and ground-breaking R&D. Protix produces natural and sustainable ingredients from insects and it farms larvae from the black soldier fly.“
The new sort of protein is used in several kinds of pet food: fish, chickens and other animals, or in nature. Protix next step is to improve ist production sites like building new facilities and increasing capacity.