Orrick Advised Upfront Ventures and Footprint Coalition on Ynsect's $372 Million Extended Investment Round

October.07.2020

Version Française: Orrick a conseillé Upfront Ventures et de Footprint Coalition, lead investors américains dans le cadre de l’extension de la levée de fonds de 372 millions de dollars de la société Ynsect

Orrick advised leading U.S. investors Upfront Ventures and Footprint Coalition in connection with Ynsect's $372 million capital raising extension.

This new round of financing, launched in January 2019 and initially set at $125 million (€106 million), has been extended to $372 million. Since its creation in 2011, the company has successfully completed several rounds of financing for a total amount to $425 million.

This funding round will enable Ynsect, a French FoodTech company that specializes in the production of insect-based proteins for animal feed and fertilizers, to increase its development in Asia and North America.

Orrick's team included partner Benjamin Cichostepski and associate Vincent Babin.