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.
News
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
3 min read
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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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