# InnovaFeed

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/innovafeed

- Industry: Agribusiness
- Headquarters: Paris, France
- Website: www.innovafeed.com
- Total disclosed funding: $305M
- Latest round: Series D (Feb 28, 2024)
- Investors on record: 13

## About

Based in France, InnovaFeed SAS is a pioneering company that specializes in producing insect protein, primarily from black soldier flies, to offer sustainable nutritional solutions for animal and plant agriculture. Based in Paris, France, founded in 2016 by its co-founders Aude Guo, Bastien Oggeri, and Clément Ray, InnovaFeed SAS is based in Paris, France, and focuses on the sustainable production of insect protein. In May 2026, InnovaFeed SAS raised EUR 51 million in venture funding from Creadev, Qatar Investment Authority, Temasek Holdings, Future French Champion, ABC Impact and ADM Ventures. Clément Ray is currently serving the role of CEO. InnovaFeed specializes in the production of insect protein, primarily derived from the black soldier fly (Hermetia illucens). The company's offerings include high-quality protein ingredients for animal and plant nutrition, targeting sectors such as aquaculture, poultry, swine, pets, and crops. Their proprietary technology ensures that these insects are reared in a controlled environment, maximizing protein yield while minimizing ecological impact. Innovafeed serves a diverse clientele across North America and Europe, collaborating with major agro-industrial firms to enhance sustainability in agriculture. InnovaFeed generates revenue through strategic partnerships and B2B transactions with major players in food and agriculture, such as Archer Daniels Midland (ADM) and Cargill. The company's business model includes long-term contracts for bulk purchases of its specialized insect-derived oils and proteins, aligning with the demand for sustainable feed alternatives and establishing a consistent revenue stream while promoting innovative food systems worldwide. The company will use the June 2026 funding to expand commercially, develop products, and improve operations, including increasing sales and production.

## Funding rounds

- Series D, Feb 28, 2024, $225M — Cargill Ventures, Qatar Investment Authority, Temasek Holdings, Creadev, IDIA Capital Investissement, Future French Champion, ADM Ventures, ABC Impact, Grow Forward
- Series C, Jan 13, 2021, $61M — Temasek Holdings, Creadev
- Series A, Feb 8, 2018, $18M — Nord Création, Finovam Gestion, Alter Equity, Nord France Amorcage

## Investors

- Nord Création — Series A
- Finovam Gestion (https://capitalatlas.ai/funds/finovam-gestion) — Series A
- Alter Equity (https://capitalatlas.ai/funds/alter-equity) — Series A
- Nord France Amorcage — Series A
- Temasek Holdings — Series C, Series D
- Creadev — Series C, Series D
- Cargill Ventures (https://capitalatlas.ai/funds/cargill-ventures) — Series D
- Qatar Investment Authority (https://capitalatlas.ai/funds/qatar-investment-authority) — Series D
- IDIA Capital Investissement — Series D
- Future French Champion — Series D
- ADM Ventures (https://capitalatlas.ai/funds/adm-ventures) — Series D
- ABC Impact (https://capitalatlas.ai/funds/abc-impact) — Series D
- Grow Forward (https://capitalatlas.ai/funds/grow-forward) — Series D