News

September 20, 2022

Innovafeed becomes world’s biggest bug business with fresh $260m raise

French company grows extra legs with planned US and Asia expansion; Qatar’s sovereign wealth fund leads Series D round


Éanna Kelly

3 min read

Innovafeed cofounders Bastien Oggeri, Aude Guo & Clément Ray. Source: Innovafeed

Innovafeed, a French startup that breeds insects to feed animals, has become the world’s best-financed insect-farming business after announcing a fresh $260m investment. 

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Éanna Kelly

Éanna Kelly is a contributing editor at Sifted, and writes Startup Life , a weekly newsletter on what it takes to build a startup. Follow him on X and LinkedIn

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