Innovafeed
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Founders
About
Innovafeed is a Paris-based biotech company producing functional and sustainable insect-based ingredients for animal nutrition, pet food, and agriculture, founded in 2016 by Aude Guo, Bastien Oggeri, and Clément Ray 1. The company rears and processes the black soldier fly (Hermetia illucens) to produce protein, oil, and frass-based fertilizer marketed under the Hilucia brand, positioned as an alternative to fishmeal and vegetable oils in fish and animal feed 12. Its flagship industrial facility is located in Nesle, France, which the company describes as the largest insect production site in the world 2. Over three years, Innovafeed has produced more than 15,000 tons of protein and oil, increased production volumes tenfold, and reduced production costs by a factor of seven 23.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-05 | Growth | €51M | No lead disclosed (all existing shareholders) | Creadev, QIA, Temasek, FFC, ABC Impact, ADM 1234 |
The 2026 round drew exclusively on participation from existing shareholders together with banking partners; no lead investor was disclosed. Verified across four independent primary sources: Innovafeed’s own press release 4, EU-Startups 1, Aquafeed.com 2, and AgFunderNews 3 — none identifies a lead. Cumulative funding including grants now exceeds $500 million 3.
What Investors Say
“Innovafeed has won its industrial bet and developed a world-unique asset: a fully operational large-scale production facility.” — Bénédicte Monpert, Creadev 3
What Founders Say
“We see increasing willingness to adopt alt proteins when they deliver both nutritional and functional performances on top of sustainability benefits.” — Clément Ray, CEO, Innovafeed 3
Sources
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EU-Startups, “Paris-based Innovafeed secures €51 million to scale sustainable insect-based ingredients for animal and plant nutrition,” June 2026. https://www.eu-startups.com/2026/06/paris-based-innovafeed-secures-e51-million-to-scale-sustainable-insect-based-ingredients-for-animal-and-plant-nutrition/↩↩↩↩
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Aquafeed.com, “Innovafeed enters new growth phase with €51 million funding,” June 2026. https://www.aquafeed.com/products/suppliers-news/innovafeed-enters-new-growth-phase-with-51-million-funding/↩↩↩↩↩
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AgFunderNews, “Innovafeed raises $59m, scales production, cuts R&D headcount as insect ag hits ‘industrialization phase,’” June 5, 2026. https://agfundernews.com/innovafeed-raises-59m-scales-production-cuts-rd-headcount-as-insect-ag-hits-industrialization-phase↩↩↩↩↩↩
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Innovafeed company press release, “Innovafeed successfully scales up operations and enters a new phase of development backed by a €51 million funding round,” June 5, 2026, accessed July 2026. https://innovafeed.com/en/innovafeed-successfully-scales-up-operations-and-enters-a-new-phase-of-development-backed-by-a-e51-million-funding-round/↩↩