Finasucre has taken part in a $125m series C round for Ÿnsect, an agtech developer that breeds insects to use as fish feed and fertiliser.

France-based agtech developer Ÿnsect secured $125m in a series C round on Thursday that featured sugar producer Finasucre and was led by impact investment firm Astanor Ventures.

The round included state-owned investment bank Bpifrance, through Bpifrance Ecotechnologies and Bpifrance Large Venture, as well as impact investment firm Quadia, private equity firms Demeter and Idinvest Partners and venture fund Vis Vires New Protein Ventures.

Venture capital firms Talis Capital and Happiness Capital, financial services firms Crédit Agricole Brie Picardie and regional…

Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.