Kinsect has successfully secured a €1 million capital increase to enhance its insect farming technology and expand production capacity, supported by key investors and initiatives aimed at promoting sustainable protein solutions in Italy.
Target Company Overview
Kinsect is an innovative benefit corporation based in Italy, focused on insect farming for sustainable protein production intended for animal feed. Recently, the company announced the successful closure of a €1 million capital increase, marking a pivotal moment in its growth trajectory. This funding aims to enhance Kinsect's technological solutions in insect farming, reinforcing its commitment to innovation and sustainability.
The capital increase was primarily led by Farming Future, Italy's National Technology Transfer Hub for Agrifood Tech, initiated by CDP Venture Capital in collaboration with ToSeed & Partners. This achievement highlights Kinsect's strategic importance in the alternative protein sector and the technology required for its production, drawing investment from key players such as Terra Next, Agrox srl, and Forest Valley.
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Industry Overview in Italy
The alternative protein industry in Italy has been experiencing significant growth as consumer awareness around sustainability and climate change increases. The demand for eco-fri
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Farming Future
invested in
Kinsect
in 2024
in a Seed Stage deal
Disclosed details
Transaction Size: $1M