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nextProtein Raises USD 20.7 M Series B For Insect-Based Feed Production In Tunisia
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nextProtein Raises USD 20.7 M Series B For Insect-Based Feed Production In Tunisia
Tunis- and Paris-based agritech nextProtein has raised EUR 18 M (USD 20.7 M) in a Series B round co-led by SWEN Capital’s Blue Ocean Fund and British International Investment (BII), with an additional EUR 4 M in debt financing. The company will use the funding to build its second and largest production facility in Tunisia, designed to produce 12,000 tons of insect-based ingredients annually. nextProtein transforms Black Soldier Fly larvae into h…
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