| Founded | 2011 |
|---|---|
| Closed | 2024 |
| Country | France |
| Sector | Agriculture |
| Collapse type | Slow Death |
Ynsect
"The French insect protein unicorn raised 372M euros, built the world largest insect farm, and entered receivership in 2024 as energy costs and market adoption destroyed the business case."
Years-long decline before final shutdown
Key Events Timeline
Ynsect raised EUR372M from BPI France, SoftBank, and Upfront Ventures to farm mealworms for pet food, aquaculture, and eventually human food.
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