Failed 2024

Ÿnsect

France's most-funded AgTech, insect-protein producer Ÿnsect, raised $625M then entered French safeguard proceedings in 2024 as capital-intensive scaling proved unviable.

Founded → Closed

2011 → 2024

Funding Raised

$625M

Industry

AgTech/Insect Protein

Country

France

Full Analysis

Paris-based Ÿnsect was Europe's most-funded AgTech, raising $625M+ from FootPrint Coalition and Astanor to industrially produce mealworm protein in France for animal feed and human consumption. After cost overruns at its flagship Amiens production plant and slower-than-expected demand, Ÿnsect entered French safeguard proceedings ("procédure de sauvegarde") in 2024 and conducted multiple rounds of layoffs. A defining French deep-AgTech failure.

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