Innovafeed produces a flour made from insects larvae, which replaces wild fish flour in pisciculture. Indeed, farmed fish are currently fed with aggregates, 30% of which are made up of animal protein - wild fish flour- and 70% of vegetal flour. Considering the decline in fish stocks (which are now 10% of what they were a century ago), this substitution allows Innovafeed to offer a healthy and sustainable feed.
The activity has recently been developed thanks to regulatory changes: in 2017, the European Union granted permission to feed farmed fish with insects.
We divested our stake in the company in November 2018 in the context of the funding round led by Temasek - Singapore sovereing wealth fund - and Creadev.