Investors backing the company include the Los Angeles-based investment firm Upfront Ventures and the FootPrint Coalition, an investment vehicle financed by celebrity superhero Robert Downey Jr. The financing, which includes $139 million in debt and another $65 million in equity will be used to fund the construction of the world’s largest insect farm in Amiens, France — set to open in early 2022. Why invest a total of $372 million in equity and debt into bug farms? For Ÿnsect, it’s all about protein… and fish. Lots of fish.
October 6, 2020