Innovafeed

Innovafeed is a global biotechnology and agtech company focused on producing sustainable insect-based protein for various markets, including animal feed, aquaculture, pet food, and plant nutrition. Founded in 2016, the company is headquartered in France and operates in the United States, employing over 350 people. Innovafeed is recognized for having the largest insect production capacity worldwide, with three production sites, including an Innovation Center in Decatur, Illinois. The company offers a range of products under the Hilucia™ brand, including Hilucia™ Protein, Hilucia™ Oil, and Hilucia™ Frass, which serve as sustainable alternatives to traditional feed ingredients and fertilizers. Innovafeed's proprietary technology allows for efficient rearing of Black Soldier Fly larvae, contributing to a circular, zero-waste agri-food system. As a certified B Corporation, Innovafeed is committed to sustainability and has received accolades for its innovative approach in the agtech sector.

Research Paris, France Founded 2016 ~14 employees

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Employees
14
0% in the 3 months to Jun 2025
Revenue / employee
$468K
Revenue ~$6.5M
Total funding
$492M
Last round Nov 2024
12-month attrition
15.9%
Tech: 80%
H1B sponsor
NA

Headcount trend

Innovafeed went from 14 employees in Jul 2023 to 14 in Jun 2025. Jan to Jun 2025: 0 people joined, 1 left.

Headcount data through Jun 2025

Org structure

Headcount by department

Other11
Operations2
Finance1

Funding

  • Nov 2024 · $11.8M · United States Department of Agriculture
  • Sep 2022 · Series D · $250M · Qatar Investment Authority, ADM, Cargill
  • Nov 2020 · Venture · $140M · Creadev, Temasek Holdings
  • Dec 2018 · Series A · $40M · CREADEV
  • Feb 2018 · $18.4M · Alter Equity, Finovam Gestion

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Innovafeed FAQ

How many employees does Innovafeed have?

Innovafeed has about 14 employees, unchanged over the 3 months to Jun 2025.

What is Innovafeed's revenue per employee?

Innovafeed makes about $468K in revenue per employee, based on $6.55M annual revenue and 14 employees.

How much funding has Innovafeed raised?

Innovafeed has raised $491.78M in total funding.

Data from Company Prospectus, DOL LCA disclosures, WARN notices and 6figr salary profiles.