nextProtein SA

Formed in 2015 and based in Paris, France, nextProtein SA specializes in producing insect-derived protein primarily from the Black Soldier Fly, which is utilized as animal feedstock and organic fertilizer to support sustainable food production. nextProtein SA is engaged in the production of insect-based protein. The company was co-founded by Mohamed Gastli and Syrine Chaalala. In November 2025, nextProtein SA raised Series B funding, co-led by returning investor SWEN Capital Partners and new investor British International Investment, with participation from returning investors Mirova and RAISE.

Also raised EUR 4 million in venture debt funding from new investors Société Générale Group, CIC, Bpifrance and LCL. The round was part of larger EUR 22 million in series B and debt funding. nextProtein specializes in the production of insect-based protein, primarily derived from the Black Soldier Fly, to serve as animal feedstock. The company's core offerings include a dry protein powder for aquaculture, pet food, and livestock, a lipid product for aquaculture feed, and a natural fertilizer made from Black Soldier Fly frass.

These products address food waste and resource scarcity issues by utilizing otherwise unconsumed food to cultivate the larvae, transforming it into high-value protein and other components. The solutions are designed for aquaculture businesses, pet food manufacturers, and agricultural operations, focusing on sustainability and a low carbon footprint. nextProtein generates revenue through direct sales of its product offerings to businesses in aquaculture, animal feed, and agriculture. Engaging in B2B transactions, clients place bulk orders for flagship products, including the protein powder and lipid product, which enhance the nutritional value of animal feed.

Each transaction involves negotiated pricing based on volume and specific client needs, allowing partners to receive tailored solutions. The products are designed to meet regulatory standards, promoting broader adoption across the industry while fostering long-term partnerships for sustainable agricultural practices. In November 2025, nextProtein SA raised Series B funding, co-led by returning investor SWEN Capital Partners and new investor British International Investment, with participation from returning investors Mirova and RAISE. Also raised EUR 4 million in venture debt funding from new investors Société Générale Group, CIC, Bpifrance and LCL.

The company will use the funding to open its second insect protein production facility in Tunisia and scale industrial operations. Debt funding to open its second insect protein production facility in Tunisia and scale industrial operations.