What is nextProtein?
nextProtein is at the forefront of sustainable protein development, utilizing Black Soldier Fly larvae to convert organic waste into valuable feed components. Their product portfolio includes dry protein powder, lipid products, and natural fertilizer, addressing critical resource scarcity issues in food production. Founded in 2015 by Syrine Chaalala and Mohamed Gastli, the company leverages a blend of technology and natural cycles to offer an efficient alternative to conventional feed sources. Their mission is to enhance food production sustainability and tackle environmental challenges through insect farming.
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 Telos Impact, RAISE Impact, and Blue Oceans Partners
Series B (2025): $20.7M supported by Raise, Mirova, SWEN Capital Partners, and British International Investment
Key Investors in nextProtein
RAISE Investissement
RAISE Investissement is a capital investment company focused on supporting high-growth medium-sized French companies. They invest significant stakes to help businesses scale their operations and market reach.
Mirova
Mirova is an asset management company specializing in sustainable finance, offering investment solutions that merge financial performance with environmental and social impact across various asset classes.
SWEN Capital Partners
SWEN Capital Partners is a responsible investor focused on private equity, infrastructure, and private debt, with a specialization in Tech for Good and Climate Impact initiatives.
What's next for nextProtein?
With the recent influx of major strategic investment, nextProtein is poised for significant expansion. The company's focus will likely be on scaling its production capacity to meet growing global demand for sustainable feed ingredients. This enterprise-level funding suggests a transition towards broader market penetration and potentially new product development. nextProtein's commitment to circular economy principles and its innovative approach position it as a key player in the future of food and feed production, aiming to reduce reliance on traditional, less sustainable sources.
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