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Insect protein producer funded with EUR45 million

The funding was delivered by Aqua-Spark, an investment company, Rabobank, BOM and various private investors.

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photo by kozorog | BigStockPhoto
photo by kozorog | BigStockPhoto

Netherlands-based Protix, an insect protein company that provides novel pet food protein sources, closed EUR45 million in funding. The funding was delivered by Aqua-Spark, an investment company focused on sustainable aquaculture, Rabobank, BOM and various private investors.

Protix breeds insects for animal feed, including as dog food. Insects may be used as novel pet food protein sources. Insects can be cultivated on a variety of food scraps, with lower environmental impact than larger animals, according to Protix. Protix uses an automated breeding and rearing process. Their products are used in over 12 countries to date, in feed applications ranging from pig and poultry to pet food specialties. The driver behind Aqua-Spark’s interest in Protix is the uses for insects in aquaculture.

Insects have been growing in popularity as a pet food ingredient over the past several years. While some may gag at the thought of beetle pieces in their own oatmeal or dog’s kibble, intentionally using those six-or-more-legged protein sources as a replacement for four- and two-legged animals has grown in acceptance.