Photo courtesy of InnovaFeed

Sep 21, 2022

Innovafeed Accelerates Animal Feed Insect Production

ADM, Cargill to contribute to company's growth

Innovafeed, a leader in the production of insects for animal and plant nutrition, has raised $250 million in Series D funding.

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 Cargillboth of which have strategic partnerships with Innovafeed – as well as Future French Champions, ABC Impact, IDIA Capital Investissement and Grow Forward.

This new round of financing brings Innovafeed's total cumulative financing to $450 million.

Insect production key to sustainable global food production

"The confidence demonstrated in us by our partners through a new round of fundraising confirms the insect industry is a key solution for our planet’s food production needs," said Clément Ray, cofounder & CEO of Innovafeed.

"Their support will allow us to accelerate our deployment in service of an ever healthier, natural and sustainable food system."

Innovafeed has already secured commercial partnerships for volumes representing more than €1 billion over the next 10 years.

Innovafeed will use the capital to:

  • Continue to increase production capacity in France through the further expansion of its Nesle site in the north of France, the world’s largest vertical insect farm
  • Accelerate its international expansion, notably in the U.S. with the construction of a new production plant in Decatur, IL, in collaboration with ADM
  • Prepare for a global rollout of Innovafeed's technology, including development in Asia
  • 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, human food

New chief operating officer, U.S. general manager appointments

The company also announced that Yves Amsellem has joined Innovafeed as chief operating officer.

With more than 30 years of experience in end-to-end supply chains for international food and beverage and industrial groups, including Danone and Chromology, Amsellem, brings insight and proven capabilities to Innovafeed’s expansion plans.

In addition, the company has appointed Maye Walraven, a French-American national, as Innovafeed's general manager for North America, a newly created role. She previously served as Innovafeed’s vice president of business development.

ADM, Cargill partnerships for the international deployment of Innovafeed's technology

The participation of agribusiness leaders ADM and Cargill, both customers and suppliers of Innovafeed’s feedstock inputs, underscores the role of Innovafeed’s unique and cutting-edge technology and the insect industry’s ability to transform the food system into more natural and sustainable one.

"Our expansion in the U.S. is a critical step for our scale-up," said Walraven. "It will enable us to access a deep source of feedstock and significantly increase our production capacity."

Company wants "to go beyond the 'impact-native' industry"

Innovafeed also announced the creation of an Impact Committee to place sustainable development and social impact at the heart of its business model and thus reinforce the global positive impact of the industry.

This committee will be responsible for defining and supporting Innovafeed's ESG strategy over the next three years and will be chaired by Dr. Darian McBain, who is recognized for her more than 20 years of sustainability work and was formerly the global director of Corporate Affairs and Sustainability for the seafood conglomerate Thai Union.

"I believe that the insect industry will have a key role in building sustainable food systems and reducing our impact on climate change," said cDr. McBain. "I hope to contribute my sustainability expertise to enhance Innovafeed's sustainability and ESG commitments and performance."

Feed & Grain Staff

Recently Added to Buyer's Guide

Integrated Design-Build Services

  • Electrical engineering
  • Electrical construction

Feed Mill Pellet Systems

  • Pellet mill automation screen
  • Pellet mill amps

JaHam JT03, JT10 and JT20 Truck Probes

  • Core-style truck probe sampling system
  • Use with all whole grain

NexGen Platform

  • Designed with feed mills in mind
  • Built to scale as your business scales


  • Accurate level measurement and fast refresh rate
  • Radio connectivity

GMS Mixers

  • New, efficient drive, based on permanent magnet motor, designed for batch mixers that start and stop frequently
  • Compact design, quiet operation


Marketwatch: Oct, 02

US Corn Price Idx: ZCPAUS.CM

open: 6.6922
high: 6.8741
low: 6.6102
close: 6.6102

US Soybean Price Idx: ZSPAUS.CM

open: 13.6782
high: 13.7587
low: 13.1333
close: 13.1536

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 9.3697
high: 9.6472
low: 9.1747
close: 9.4272

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 8.3873
high: 8.7783
low: 8.2498
close: 8.5389