Ynsect Revenue and Competitors

Ÿnsect is the world leader in natural insect protein and fertilizer production. Founded in 2011 in Paris, France by scientists and environmental activists, the Next40 company transforms insects into premium, high-value ingredients for pets, fish and plants. From its purpose-built state of the art farms, Ÿnsect offers an organic, long-term sustainable solution to accelerating consumption of protein and plants. Ÿnsect uses pioneering proprietary technology protected by c.240 patents to produce Molitor mealworm in vertical farms. The first production unit in Dole, France has been operating since 2016. Ÿnsect is currently building its second production unit, the largest vertical farm in the world, in Amiens, France a carbon negative project. In fact, the analyses carried out by the Quantis firm show that the Ÿnfarm project is carbon negative, with a sequestered value chain and avoids emitting more CO2 emissions. The company has raised c. $435 million from leading global investors and is exporting its products worldwide.