Protix receives €45 million in funding to scale production of insect proteins
Netherlands-based Protix has announced it has acquired €45 million (approximately $50.7 million) in funding from Aqua-Spark, Rabobank, BOM, and various private investors.
Netherlands-based Protix has announced it has acquired €45 million (approximately $50.7 million) in funding from Aqua-Spark, Rabobank, BOM, and various private investors. Founded in 2009, Protix breeds insects for animal feed, as insects offer a low-impact protein alternative that can be cultivated on a variety of food scraps. The company is also developing food applications for consumers. Their products are used in more than 12 countries to date—in feed applications ranging from pig and poultry to pet food specialties.
“Due to increasing demand from our loyal and valuable customers, we’re ready to scale,” said Kees Aarts, Protix CEO. “With €45 million in funding, we plan to expand Protix’s production capacity, especially within the aquaculture industry. Protix will also deepen its R&D and diversify to other markets like food. We are very excited to serve our existing and new customers and we will be seeking great M&A opportunities, work with great organizations and hire the best people.”