Press Release
September 23, 2022

Innovafeed Raises €250 Million in Series D Financing

The Paris Technology team advised Innovafeed, a leader in the production of insects (Hermetia Illucens) for animal and plant nutrition, on its €250M series D financing.

This round led by Qatar Investment Authority (QIA), also includes existing investors Creadev and Temasek, and new strategic and financial investors: global agribusiness leaders ADM and Cargill – both of which have strategic partnerships with Innovafeed – as well as Future French Champions, ABC Impact, IDIA Capital Investissement and Grow Forward.

La Caisse d’Epargne Hauts de France, Groupe Crédit Agricole, BNP Paribas, Arkéa Banque Entreprises et Institutionnels and Société Générale also contributed via €38 million in debt financing, which demonstrates the support of these banks for the financing of the agri-food transition, and that of the public authorities through the France 2030 Recovery Plan (“les Concours d’innovation”).

Innovafeed will use the capital to continue increasing production capacity in France, to accelerate its international expansion, notably in the United States and Asia, as well as to continue to invest in breakthrough technology and R&D for the formulation of high-precision and high-performance ingredients for animals, plants and, in the future, for human food.

The Goodwin team was led by Anne-Charlotte Rivère and included Johann Gandilhon and Coralie Davis on corporate aspects.