nextProtein
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nextProtein

http://nextprotein.co/
Last activity: 02.09.2022
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Categories: AgriTechBusinessEnvironmentalFoodTechIndustryOrganicPersonalPetProductionWaste
The world’s population is estimated to reach more than nine billion by 2050. Global food production will have to increase by 70 per cent to feed everyone. Meanwhile one third of all food produced is wasted.

At nextProtein we’re driven by a personal desire to address land and resource scarcity and feed a rising population sustainably. nextProtein can produce the equivalent amount of protein from 100sqm as 100ha of soya field.

Founded by couple Syrine Chaalala and Mohamed Gastli, we produce insect-based protein for animal feedstocks with a negligible carbon footprint, at a lower cost and with the equivalent nutritional value of traditional protein production. We do this by taking otherwise unconsumed food on which to raise the insects, returning protein to the food cycle.

nextProtein has years of experience in breeding Black Soldier Fly, which was selected specially for its beneficial, high-yield quality. Fly larvae are raised, harvested and then processed into valuable components of animal feed: an insect based protein for aquaculture, livestock and pets, an extracted fat and a natural fertilizer for use in agriculture.

Our process is EU-approved for aquaculture and pet food and is suitable for feedstocks for the poultry and pork industries. We’re currently increasing our production capacity to one tonne of protein per day.

Based in France with production operations in Tunisia, nextProtein is also backed by a range of high-profile international investors and business angels who have recognised our potential to revolutionise the industry.
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Location: France, Ile-de-France, Paris
Employees: 11-50
Total raised: $11.2M
Founded date: 2015

Investors 3

Funding Rounds 1

DateSeriesAmountInvestors
22.06.2020Series A$11.2MTelos Impa...

Mentions in press and media 11

DateTitleDescription
02.09.20225 African alternative protein startups innovating to meet 3-fold increase in meat & dairy demand by 2050As we’ll soon report in our upcoming Africa AgriFoodTech Investment report in collaboration with FMO and BII, the trend for alternative protein products — those that offer consumers the experience of eating meat and dairy without the use of...
14.01.2021The EU just approved mealworms for human consumption. Will Ÿnsect take the bait?On Wednesday, the European Food Safety Authority (EFSA) announced its approval of mealworms for human consumption. The ruling opens the gateway for the growing startup industry around insect protein to tap into a new market. The EFSA conduc...
31.12.2020AFN’s top 20 news stories of 2020Earlier this week, we took a look at the top 20 guest articles from external contributors published on AFN in 2020. Today, on the last day of the year, we’re listing the top 20 news and analysis pieces published by the AFN editorial team ov...
06.10.2020Ÿnsect extends Series C to $372m, targets pet food & aims for carbon-negative statusFrench insect farming startup Ÿnsect has raised an additional $224 million in Series C funding, bringing the round to $372 million in total. It had announced a first Series C close of $148 million in February last year. According to Ÿnsect,...
04.09.2020Agrifood investors head to the beach – but not for vacationNormally, August is a slow month. It wasn’t this year – especially if you’re a seafood startup. Two big fund announcements and a spate of aquaculture and sustainable seafood deals signal that this long-underinvested agrifoodtech sector has ...
29.07.2020Backyard black soldier flies: Grubbly grabs up $2.9m seed round led by Overline“People are losing their clucking minds over backyard chickens,” reads a recent headline in The Hustle about how the coronavirus pandemic is fueling a resurgence of the US amateur poultry farmer. Will this new chicken run spur a similar cra...
22.07.2020Protenga nets $1.6m from UK, Singapore investors for novel approach to Black Soldier Fly farmingUK agritech venture builder Roslin Technologies and Enterprise Singapore’s SEEDS Capital, an investment vehicle linked with the city-state’s government, have pumped $1.6 million into insect farming startup Protenga. Roslin Technologies is a...
02.07.2020Distributed mini-farms and carbon-neutral eggs: The next phase of Black Soldier Fly farmingLast summer at a research lab on the outskirts of Cambridge, UK, I nervously rolled up my sleeve and tucked my hand deep into a tray of pulsing, writhing maggots. (Yes, keeping in touch with the future of farming is a mandate the AFN newsro...
27.05.2020Fly, my pretties! NextProtein closes $11.2m Series A to scale up insect production in TunisiaNextProtein, a French-Tunisian startup working on new ways to produce insect-based animal feed and fertilizer, has raised €10.2 million ($11.2 million) in Series A funding, the company disclosed to AFN this week. According to AgFunder data,...
16.02.2017A Guide to Seafood & Aquaculture Technology: Startups Raise $193m in 2016 but More Innovation NeededStartups in seafood and aquaculture technology raised $193 million in 2016, a 271% increase on the $52 million raised across both 2014 and 2015, according to AgFunder research. Investment in seafood-related startups grew in 2016 as investor...
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