Volare has raised €26 million to build the world's most energy-efficient protein production facility in Pori, advancing its insect protein technology for sustainable food production.

Information on the Target

Volare, a Finnish biotechnology company, has successfully raised €26 million in funding to establish the Volare 01 factory in Pori, making it the world's most energy-efficient protein production facility. This groundbreaking plant aims to advance Volare's unique insect protein technology to industrial scale, significantly contributing to European food security, protein independence, and sustainable industry practices. The funding round welcomed both domestic and international investors, including Maki.vc, Firstminute Capital, Springvest, Ilmastorahasto (integrating into Tesi), Finnvera, Business Finland, Norion Bank, and the South Ostrobothnia ELY Centre.

Industry Overview in Finland

According to the European Commission, the EU is currently only 34% self-sufficient in high-protein animal feeds (with over 30% protein content). This low self-sufficiency makes the food system vulnerable to supply disruptions and price fluctuations. Finland, as a part of the EU, faces similar challenges in ensuring a stable and sustainable food supply.

The shift towards circular economy solutions is increasingly imperative for tackling these issues. Volare's scalable production model positions it as a key pl