What is nextProtein?
Founded in 2015 by Syrine Chaalala and Mohamed Gastli, nextProtein operates at the intersection of biotechnology and sustainable agriculture. The company specializes in the conversion of organic waste streams into high-value protein, lipid, and fertilizer products. By utilizing Black Soldier Fly larvae, nextProtein provides a scalable, low-impact alternative to traditional fishmeal and soy-based feeds, effectively addressing the dual challenges of resource scarcity and waste management. With a robust production model, the company is positioned as a critical player in the global transition toward a circular food economy, serving the livestock, aquaculture, and pet food industries with high-quality, sustainable inputs.
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, Telos Impact, and Blue Oceans Partners
Series B (2025): $20.7M supported by Mirova, Raise, SWEN Capital Partners, and British International Investment
Key Investors in nextProtein
Mirova
Mirova is an asset management firm specializing in investment solutions that integrate financial performance with environmental and social impact, focusing on sustainable development.
Raise
RAISE Investissement is a capital investment firm that supports high-growth medium-sized companies by providing significant equity stakes to facilitate long-term expansion.
SWEN Capital Partners
SWEN Capital Partners is a responsible investor focused on private equity and infrastructure, with a specific emphasis on Tech for Good and climate-positive initiatives.
What's next for nextProtein?
With the successful closure of this latest financing round, nextProtein is poised to accelerate its industrial expansion and enhance its production capacity. The strategic focus will likely shift toward optimizing its proprietary breeding and processing technologies to achieve greater economies of scale. As the company matures, the integration of its products into broader supply chains will be essential for cementing its market leadership. Investors are closely monitoring the firm's ability to maintain operational efficiency while scaling, as the demand for sustainable protein sources continues to outpace traditional supply chains. The company's trajectory suggests a move toward broader international market penetration and the potential for further diversification of its product portfolio within the sustainable agriculture ecosystem.
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