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April 17, 2023

French insect farming scaleup Ÿnsect raises €160m and cuts 20% of staff

Roughly 70 roles are being cut, in France and the Netherlands.


Freya Pratty

3 min read

Antoine Hubert, Ynsect

French startup Ÿnsect, which produces insects for pet and human food, has raised €160m but is also cutting its headcount by 70, roughly 20% of the company, as it looks to hasten its path to profitability. 

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A photo of a hand holding a pile of mealworms (lovely!)
Ynsect's mealworms
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Freya Pratty

Freya Pratty is a senior reporter and investigations lead at Sifted. Follow her on X , LinkedIn and Bluesky

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