BOM Capital in €45m round for Protix

Other contributors to the round include Aqua-Spark – a global investment fund making investments in sustainable aquaculture businesses – and Dutch bank Rabobank, as well as various private investors.

With the fresh funding, Protix will mostly focus on its progress in the aquaculture field, with plans to farm fish using sustainable aquaculture methods. The company will also look to expand its production capacity, to deepen its research and development, and introduce its technology to new sectors, such as food. Protix also said it did not exclude M&A opportunities in future.

Previous funding
In February 2015, BOM structured a round of growth capital funding for Protix alongside the Dutch Greentech Fund (now called Shift Invest). Rabobank, which was introduced to the company by Shift Invest, also took part in the round.

Company
Established in 2009 by two former McKinsey employees, Kees Aarts and Tarique Arsiwalla, Protix breeds insects for animal feed. More specifically, the company manufactures and supplies functional proteins and other nutrients by converting organic residual streams through various insects.

Protix mostly serves the animal feed industry, but it has also developed food products for humans. The company is headquartered in Amsterdam, and its products are used in 12 countries.

People
Protix Biosystems – Kees Aarts (CEO).

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