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September 26, 2024

Insect farming scaleup Ÿnsect opens safeguarding procedure as it faces risk of insolvency

The company previously told Sifted it was planning to secure fresh funding by the end of the year

High-profile French industrial scaleup Ÿnsect, which has raised over $600m to date to farm insects and transform them into proteins, has entered a ‘procédure de sauvegarde’ (safeguarding proceedings) — a voluntary procedure that occurs when a company is at risk of insolvency. 

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Daphné Leprince-Ringuet

Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

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