What is InnovaFeed?
InnovaFeed is at the forefront of developing a sustainable food system by specializing in the breeding of insects for animal and plant feed. The company's product portfolio includes Hilucia Protein, Hilucia Oil, and Hilucia Frass, serving diverse markets such as aquaculture, pet food, and agriculture. Through its innovative agro-industry solutions, InnovaFeed has forged strategic alliances with industry giants like Archer Daniels Midland and Cargill. The company is currently undertaking significant operational expansion, highlighted by the construction of the world's largest insect protein facility in the United States, signaling its ambition to scale production and impact.
How much funding has InnovaFeed raised?
InnovaFeed has raised a total of $250M across 1 funding round:
Series D
$250M
Series D (2022): $250M with participation from Creadev, Qatar Investment Authority, ADM, Cargill, and Temasek
Key Investors in InnovaFeed
Creadev
Creadev is an investment company established in 2002 by the Mulliez family, focusing on supporting high-potential SMEs in Europe, Africa, and the USA. They invest up to €250 million annually in impactful businesses within the health, food, and climate sectors, providing financial resources, connections, and expertise to foster sustainable business models.
Qatar Investment Authority
Qatar Investment Authority, founded in 2005 and headquartered in Doha, Qatar, specializes in foreign and domestic investment across various asset classes including listed securities, property, alternative assets, and private equity.
ADM
ADM is a global agricultural processing and nutrition company that transforms crops into food ingredients, animal feed, and industrial products, playing a vital role in global food supply chains and bio-based solutions.
What's next for InnovaFeed?
With the infusion of major enterprise-level capital and a recent strategic investment, InnovaFeed is poised for accelerated expansion and market penetration. The company's focus on sustainable insect protein production aligns with growing global demand for eco-friendly alternatives in animal feed and agricultural inputs. Future developments are likely to center on scaling production capacity, further optimizing its proprietary breeding technologies, and expanding its product applications across new markets. The strategic partnerships with established players in the agricultural and food sectors will be crucial in leveraging this new financing to solidify its position as a leader in the alternative protein industry.
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