Nutriearth, a pioneer in the manufacture of vitamin D3 from insects, announces that it has raised nearly 8 million euros from historic investors such as Demeter, Nord France Ammorçage and BPI France, as well as new investors Rev3 Capital, Holding Serthi and Captech Santé.
Read the original article on the company’s LinkedIn page here.
Nutriearth, a pioneer in the manufacture of vitamin D3 from insects, announces that it has raised almost 8 million euros from historic investors such as Demeter and Nord France Ammorçage, as well as new investors Rev3 Capital, Holding Serthi and Captech Santé. Joffe & Associés (Thomas Saltiel, Océane Christmann and Alexia Guyot) advised Demeter, NFA, Cap Tech and REv3 Capital on this transaction.
According to CFNews, this fund-raising will finance the reinforcement of Nutriearth’s industrial infrastructure. It will also enable the company to pursue research and development, by supporting the filing of new patents; the company is also planning to increase its workforce to support these changes. Nutriearth plans to produce 120 tonnes this year, continuing to sell its insect meal on the animal feed market. It also hopes to obtain the necessary authorizations to market insect meal for human consumption in Europe from next year. It should be pointed out, however, that such marketing could already begin in the USA and Canada, where these products are authorized.
“I’m delighted that this round of financing will enable Nutriearth to become a major player in the global vitamin D3 market. Thanks to this support, we are now in a position to respond to major societal challenges such as our health and the preservation of our planet. We are proud to offer the world’s only natural, sustainable and highly absorbable source of vitamin D3. Let’s work together for a better future”, says Thomas Dormigny, co-founder of Nutriearth, in the official press release.
Purchaser(s) or Investor(s) : DEMETER , NORD FRANCE AMORCAGE , BPIFRANCE INVESTISSEMENT , REGION HAUTS-DE-FRANCE , FONDS EUROPEEN DE DEVELOPPEMENT REGIONAL (FEDER) , REV3 CAPITAL (EX CAP3RI) , FINORPA GIE , BUSINESS ANGEL(S) , Thierry Letartre
Company Corporate Lawyer : BIGNON LEBRAY , Tanguy Dubly , François Vibert , Antoine Catala
Purchaser Corporate Counsel: JOFFE & ASSOCIES , Thomas Saltiel , Océane Christmann
