# Protix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/protix-b-v

- Industry: Agribusiness
- Headquarters: 's-Hertogenbosch, Netherlands
- Website: www.protix.eu/
- Total disclosed funding: $50M
- Latest round: Series B (Jun 13, 2017)
- Investors on record: 3

## About

Protix B.V., based in the Netherlands, specializes in sustainable insect-based solutions that convert organic waste into high-quality feed ingredients, addressing the challenges of food waste and resource depletion.Founded in 2009 in 's-Hertogenbosch, Netherlands, Protix B.V. focuses on transforming organic waste into insect-based protein and lipids through innovative processes. The company has secured a total of USD 61.00 mn in funding, with its most recent investment round taking place in October 2023 from Tyson Foods Inc. The CEO and founder, Kees Aarts, has a history of entrepreneurship, leading Protix in its mission to provide sustainable nutrition solutions across global markets.Protix specializes in high-quality, low-impact insect-based solutions primarily derived from the black soldier fly. Their core product offerings include insect proteins, lipids, and fresh insect meat, utilized in sectors such as pet food, aquaculture, livestock feed, and plant care. By transforming organic waste into nutritious feed, Protix addresses food waste challenges while catering to diverse clientele including manufacturers in the pet food and animal feed industries. Their products are marketed in Europe, North America, and parts of Asia, where demand for sustainable agricultural solutions is growing.In 2023, Protix generated revenue of USD 12.71 mn, with an EBITDA of USD -22.06 mn. The company’s revenue model relies on B2B transactions, primarily supplying insect-based ingredients to various manufacturers in the pet food and livestock feed industries. By offering bulk insect proteins and lipids tailored for enhanced nutrition, Protix supports a consistent revenue stream from established and emerging customer bases.In October 2023, Protix B.V. raised USD 61 mn in venture funding, which will be utilized to support its international expansion. The company is strategizing to introduce new products and penetrate additional markets, focusing on regions where demand for sustainable agricultural solutions is on the rise.

## Funding rounds

- Series B, Jun 13, 2017, $50M — BOM Brabant Ventures, Aqua-Spark, Rabo Investments

## Investors

- BOM Brabant Ventures (https://capitalatlas.ai/funds/bom-brabant-ventures) — Series B
- Aqua-Spark (https://capitalatlas.ai/funds/aqua-spark) — Series B
- Rabo Investments (https://capitalatlas.ai/funds/rabo-investments) — Series B