Protix, which claims to be the world market leader in ingredients from insects, said in a press release that it would use the proceeds for further international expansion and ground-breaking R&D. Protix produces natural and sustainable ingredients from insects and it farms larvae from the black soldier fly.
The insects are used in various feeds for pets, fish, chickens and other animals, just as in nature. Protix has announced that the next growth phase is all about global site expansion, building new facilities and increasing capacity.