Since 2015, Quantis has worked with Ÿnsect — an ag-tech innovator specialized in breeding insects to make premium ingredients for fish feed, pet food and organic plant fertilizers — to develop robust environmental metrics that it can leverage to tackle critical impacts in its value chain and optimize its business model.
In February 2019, Ÿnsect announced it raised $125 million (€110m) in a Series C funding round to support its ambition of becoming a leader in alternative protein. In this video, Ÿnsect CEO Antoine Hubert shares the story of how environmental metrics have been critical in building investor confidence and will continue to play an important role in keeping Ÿnsect on-mission as it scales.
"Ÿnsect worked with Quantis to embed environmental KPIs into their business and demonstrate the positive impact of Ÿnsect products. These metrics were critical to Ÿnsect’s Series C fundraising, one of the biggest ag-tech deals in history."
Antoine Hubert, CEO, Ÿnsect
Ÿnsect farms and processes mealworms into sustainable ingredients to feed pets and fish, and fertilize plants. It set off 7 years ago on a mission: to give insects a massive role in food sustainability. Investors get it — Ÿnsect just raised $125 million!
Metrics are key to convince investors of business profitability. And an impact-tech company needs financial and environmental metrics. So, Ÿnsect worked with Quantis to embed environmental KPIs into its business and demonstrate the positive impact of Ÿnsect products. These metrics were indispensible for Ÿnsect’s Series C fundraising, one of the biggest ag-tech deals in history.
As it scales, Ÿnsect is committed to staying aligned with its initial mission. It will build 15 new factories around the world to produce 1M tons of insects. To keep environmental impact at the core, Ÿnsect will work with Quantis to develop customized tools to integrate sustainability metrics into its day to day business, leveraging data to tackle critical impacts in the value chain and optimize its business model.
Check out Ÿnsect’s press release for details on this exciting project.
To learn more about how Quantis can support your company’s journey to build a sustainable food future, how about a chat with Edith Martin?