The company’s third facility in Amiens will raise its total production capacity to 230,000 metric tons per year, of which one third will supply pet food and aquaculture feed manufacturers.

The early-stage insect farming and processing company is the first French ag-tech startup to join the World Economic Forum community.

Ÿnsect closed its recent series C funding round with $372 million from global investors, which will contribute to the completion of its vertical farm and processing facility and expansion into North America.