# 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.

Source: https://en.bioecon.ru/companies/ynsect/
Updated: 2026-08-15

- Country: France
- Ticker: Euronext: ALYN

## Verifiable facts

| Fact | Value | Source |
| --- | --- | --- |
| Funding | over €500 million / over $600 million | https://agfundernews.com/insect-ag-pioneer-ynsect-exploring-all-possible-options-including-a-3rd-party-takeover-agronutris-files-safeguard-plan-with-court, https://demstate.com/article/french-insect-farming-company-ynsect-liquidated-after-failing-to-profit, https://igrownews.com/ynsect-latest-news/, https://techcrunch.com/2025/12/26/how-reality-crushed-ynsect-the-french-startup-that-had-raised-over-600m-for-insect-farming/, https://www.agnavigator.com/Article/2025/12/08/ynsects-collapse-raises-big-questions-is-feed-and-fertiliser-the-future-of-insect-farming/ |
| Capacity | up to 30 tonnes/month at Dole pilot site; Amiens plant planned for over 1,500 tonnes/month and 160,000 tonnes annually | https://cordis.europa.eu/project/id/837750/reporting, https://www.cbe.europa.eu/achievements/producing-more-protein-far-less-resources |
| Certification | ISO 9001 certification | https://www.ynsect.com/about-us/ |
| Regulatory approval | marketing approval for insect-based fertilizer (ŸnFrass) from ANSES (March 2020); EFSA deemed mealworms safe for human consumption (January 2021) | https://cordis.europa.eu/project/id/837750/reporting, https://www.cbe.europa.eu/achievements/producing-more-protein-far-less-resources |
| Production site | Dole (pilot site), Amiens (flagship plant), Genopole biocluster | https://agfundernews.com/judicial-liquidation-for-ynsect-as-insect-farming-sector-struggles-to-become-competitive, https://cordis.europa.eu/project/id/837750/reporting, https://igrownews.com/ynsect-latest-news/, https://www.ynsect.com/about-us/ |
| Headcount | exceeded 100 employees; approximately 360 employees in 2023 | https://www.cbe.europa.eu/achievements/producing-more-protein-far-less-resources |
| Revenue | €17.8 million (2021 peak); €568,000 (2022); €5.8 million (2023) | https://igrownews.com/ynsect-latest-news/, https://techcrunch.com/2025/12/26/how-reality-crushed-ynsect-the-french-startup-that-had-raised-over-600m-for-insect-farming/ |

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

## Technologies

- [Industrial insect farming](https://en.bioecon.ru/technology/insect-farming-industrial/)
- [Upcycling biowaste into valuable products](https://en.bioecon.ru/technology/upcycling-biowaste-valuable-products/)