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Ÿnsect

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Ÿnsect
Private
Industryagribusiness
FoundedAugust 2011; 8 years ago (2011-08)
FoundersAntoine Hubert, Jean-Gabriel Levon, Fabrice Berro, Alexis Angot
HeadquartersÉvry, Essonne, France
Number of employees
105
Websiteynsect.com/en

Ÿnsect is a company created in 2011[1], specialising in the breeding of insects to produce ingredients for domestic and breeding animals.

These ingredients, mainly proteins and lipids, meet the needs of the animal nutrition markets[2].

History[edit | edit source]

2011 : Creation of Ÿnsect by Antoine Hubert (AgroParisTech), Jean-Gabriel Levon (HEC Paris, Polytechnique), Fabrice Berro (Ensimag) and Alexis Angot (Essec).

In 2012, Ÿnsect joined the Paris-based startup incubator, Agoranov[3].

In February 2014 the company raised €1.8 Million with Emertec Gestion and Demeter Partners. The same year Ÿnsect won the World Innovation Award and the Cleantech Company of the Year Award in France.

Ÿnsect invested €13 Million in 2015 to build Ÿnsite, its first farmhouse (Fermilière), with the closing of its second financing round at the end of 2014 for €5.8 Million and public authorities' support for €6 Million.

In 2016 Ÿinsect made its first deliveries to customers in the pet-food sector, after the opening of Ÿinsite, in Dole, France. At the end of the year, it completed its third round of financing of €14.2 million with the BPI France Ecotechnologies fund, Quadia and its historical shareholders. With this money Ÿinsect accelerated its development and launched its first large farmhouse, ŸnFarm#1[4].

In 2018, Ÿinsect announced the building of ŸnFarm#1 near Amiens[5][6].

Activities[edit | edit source]

Ÿnsect is involved in insect farming[7], beetle breeding and flour worm production.

References[edit | edit source]

  1. Gay, Jessica (2015-10-19). "Interview: Ynsect and their edible insects". FoodBev Media. Retrieved 2019-05-07.
  2. "Demand for Edible Insects For Animal Feed Market to be Fuelled by Rapid Shift in Consumer Perception and Increasing Awareness – Whopp News". Retrieved 2019-05-07.
  3. "Agoranov - Incubateur public". Agoranov - Incubateur parisien d'entreprises innovantes. Retrieved 2019-05-13.
  4. "This French startup just raised $15M to make food out of mealworms". www.digitaltrends.com. 15 December 2016. Retrieved 2019-05-07.
  5. Food, Jonathan Smith-22/02/2019 2 mins- (2019-02-22). "French Company to Open Biggest Insect Farm in the World". Labiotech.eu. Retrieved 2019-05-07.
  6. Candau, Marion (2019-04-30). "Northern French region banks on bioeconomy". euractiv.com. Retrieved 2019-05-07.
  7. "French agritech startup Ÿnsect raises $125 million". Tech.eu. Retrieved 2019-05-07.

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