Alter leads €15m round for InnovaFeed

Additional backers in the round include early-stage VC firm Finovam Gestion, IRD Group's investment fund Nord Création, and Siparex-managed fund Nord France Primeur, as well as several entrepreneurs.

With the fresh capital, InnovaFeed intends to build a second production facility to accelerate its commercial capacities.

Alter Equity invested in the company via its Alter Equity 3P fund, which held a final close on €41.5m in January 2013.

Company
Founded in 2016 and headquartered in Évry, France, InnovaFeed is an agricultural technology company that aims to develop a sustainable way to produce protein using regionally available, low-value materials.

Its technology is used towards a cost-effective production of complete diets for traditional and new aquaculture species, in order to reduce the reliance on fish meal and fish oil.

People
Alter Equity – Fanny Picard (founding partner).
InnovaFeed – Aude Guo, Bastien Oggeri, Clément Ray (co-founders).

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• Topics
• Early-stage
• France
• Consumer
• France
• Alter Equity
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