Protifarm welcomes investment by Oost NL
Investment in agri-tech scale-up Protifarm
Oaklins supports Protifarm, a Dutch agri-tech leader, in teaming up with a group of investors led by the East Netherlands Development Agency (Oost NL), that focuses its activities on strengthening and stimulating the economy of the provinces of Gelderland and Overijssel, the Netherlands.
As global pioneer, Protifarm produces functional and sustainable ingredients for the food industry from food-grade farmed insects. The company has a leading position in a fast-growing industry and responds to the urgent need for a healthy lifestyle and to reduce global footprint. Due to population growth and increased prosperity, there is a strong increase in demand for highly nutritious functional ingredients. With the millions of funding that Oost NL and the other investors provide, Protifarm is able to further accelerate its growth and to expand its processing capacity.
Our ingredients contain the quality of animal protein but are far more sustainable than other sources of protein from animals or vegetablesTom Mohrmann, CEO Protifarm
An alternative that can substitute vegetables and meat
With AdalbaPro, Protifarm is feeding the world today and nourishing the world of tomorrow. The ingredients obtained from AdalbaPro are not only sustainable, but also highly nourishing. Protifarm extracts important nutrients from the insect and turns them into powders and textured products. The nutrients include all essential amino acids, vitamins (such as B12), minerals, fiber, and healthy fats. “Our AdalbaPro ingredients contain the quality of animal protein but are far more sustainable than other sources of protein from animals or vegetables,” says Tom Mohrmann, CEO of Protifarm. “That makes it the best of both worlds.” The AdalbaPro ingredients line from Protifarm are raw materials for end products. You will no longer see the insects. “Our ingredients can be used to develop food and beverages such as protein shakes, sports nutrition, pasta, and also to enhance meat or meat substitutes.” says Mohrmann.
Accelerating the protein transition
With the funding of Oost NL and the other investors, Protifarm can move forward. Mohrmann: “We can now expand our capacity and optimize our breeding and rearing processes. Furthermore we will invest in sales, marketing and R&D activities, so that we can strenghten our position as global market leader in the industry.” Bart Hoeflaak, Team Manager Food of the Capital business unit is proud that Oost NL contributes to the growth of Protifarm: “Oost NL invests in companies that are creating the greatest impact through their businesses. We see the protein transition as one of the greatest challenges of our time and we support companies who are involved in this. There is great economic potential because Protifarm meets the needs of the future. It is also great for the region that a company like Protifarm can develop here.”
Contact for this transaction
For more information on the transaction, please contact our Growth equity & ECM team.