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How reality crushed Ÿnsect, the French startup that had raised over $600M for insect farmingIt's only money...
By Anna Heim, TechCrunch
The company's demise is hardly a surprise, as Ÿnsect had been embattled for months. Still, there is plenty to unpack about how a startup can go bankrupt despite raising over $600 million, including from Downey Jr.'s FootPrint Coalition, taxpayers, and many others.
Ultimately, Ÿnsect failed to fulfill its ambition to "revolutionize the food chain" with insect-based protein. But don't be too quick to attribute its failure to the "ick" factor that many Westerners feel about bugs. Human food was never its core focus.
And revenue was the problem. According to publicly available data, Ÿnsect's revenue from its main entity peaked at €17.8 million in 2021 (approximately $21 million) — a figure reportedly inflated by internal transfers between subsidiaries. By 2023, the company had racked up a net loss of €79.7 million ($94 million).The vainglorious heady days of climate communism meant some bureaucrats thought it made sense to spend $200 million dollars feeding bugs to cows to try to change rainfall in 2100 AD.
Comment: Back in November 2025: Two-year-old girl killed in lioness attack in Gujarat, India