What is nextProtein?
Founded in 2015 by Syrine Chaalala and Mohamed Gastli, nextProtein specializes in the industrial-scale production of insect-based protein. The company utilizes the Black Soldier Fly to convert organic waste streams into high-value feed components, including dry protein powder, lipid products, and natural fertilizers. This model effectively addresses the dual challenges of waste management and the rising demand for sustainable animal feed in the aquaculture, livestock, and pet food industries.
By integrating advanced technology with natural biological cycles, nextProtein offers a scalable alternative to traditional, resource-intensive feed sources. The company's market position is bolstered by its commitment to circular economy principles, which reduce the environmental footprint of food production while enhancing overall supply chain efficiency.
How much funding has nextProtein raised?
nextProtein has raised a total of $33.1M across 3 funding rounds:
Private Equity
$1.4M
Series A
$11M
Series B
$20.7M
Private Equity (2017): $1.4M with participation from Kima Ventures
Series A (2020): $11M led by RAISE Impact, Blue Oceans Partners, and Telos Impact
Series B (2025): $20.7M supported by Raise, SWEN Capital Partners, British International Investment, and Mirova
Key Investors in nextProtein
Raise
RAISE Investissement is a capital investment firm focused on supporting high-growth medium-sized French companies with significant revenue, providing strategic stakes to facilitate long-term expansion.
SWEN Capital Partners
SWEN Capital Partners is a responsible investor specializing in private equity and infrastructure, with a dedicated focus on Tech for Good and climate impact initiatives.
British International Investment
British International Investment is the development finance institution of the UK government, focused on driving sustainable economic growth and impact in emerging markets.
What's next for nextProtein?
With the successful closure of this major strategic investment, nextProtein is poised to accelerate its industrial expansion and enhance its production capacity. The capital will likely be deployed to optimize manufacturing processes and broaden the distribution of its sustainable feed products across international markets. As the company matures, the focus will shift toward achieving economies of scale and solidifying its role as a key player in the global food security landscape. Future strategic initiatives are expected to center on technological refinement and the scaling of its waste-to-protein conversion facilities to meet the growing demand for sustainable agricultural inputs.
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