Protix, a Netherlands-based company, has raised €45 million in equity and debt funding to expand its insect farming business. Protix farms insects predominantly for animal and aquaculture feed, with feed products in over 12 countries, ranging from pig and poultry to pet food specialties. Protix will use the funding from this latest round to expand its production capacity, especially for aquaculture, deepen its biological and technical R&D, and diversify to other markets like food. Dutch food and agriculture bank Rabobank invested in the round alongside Aqua-Spark, the sustainable aquaculture investment fund, Dutch government-backed Brabant Development Agency (BOM) and other private investors. A team of BarentsKrans advised Protix on this investment.
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