Ynsect

the French mealworm-bioconversion pioneer, which raised over €500 million and built the FARMYNG flagship plant, was reported in January 2026 to have collapsed into insolvency after high production costs and over-scaling.

Country: France
Ticker: Euronext: ALYN

Coverage

	CN	EU	IN	US
bioremediation	✓	✓	—	✓
food-alt-protein	—	✓	✓	✓

Regulatorsefsafdaepaadememoa-china

Verifiable facts

Fact	Value	Source
Funding	over €500 million / over $600 million	agfundernews.com · demstate.com · igrownews.com · techcrunch.com · agnavigator.com
Capacity	up to 30 tonnes/month at Dole pilot site; Amiens plant planned for over 1,500 tonnes/month and 160,000 tonnes annually	cordis.europa.eu · cbe.europa.eu
Certification	ISO 9001 certification	ynsect.com
Regulatory approval	marketing approval for insect-based fertilizer (ŸnFrass) from ANSES (March 2020); EFSA deemed mealworms safe for human consumption (January 2021)	cordis.europa.eu · cbe.europa.eu
Production site	Dole (pilot site), Amiens (flagship plant), Genopole biocluster	agfundernews.com · cordis.europa.eu · igrownews.com · ynsect.com
Headcount	exceeded 100 employees; approximately 360 employees in 2023	cbe.europa.eu
Revenue	€17.8 million (2021 peak); €568,000 (2022); €5.8 million (2023)	igrownews.com · techcrunch.com

Independent sources: agfundernews.com · agnavigator.com · cbe.europa.eu · cordis.europa.eu · demstate.com · igrownews.com · techcrunch.com

Technologies

Name	Cluster	Risk
Industrial insect farming	food-alt-protein	High	→
Upcycling biowaste into valuable products	bioremediation	Medium	→

Compiled by BIOECON from primary sources.

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