Ÿnsect Secures €10M Bridge Loan Amid Financial Struggles

French insect agriculture company Ÿnsect has secured €10 million in bridge funding from existing investors, allowing it to maintain operations while seeking additional financing. This funding is crucial as the company navigates insolvency proceedings and aims to stabilize its operations and explore potential buyers for its pilot plant.

Original excerpt: Ÿnsect has received an offer from an undisclosed party for its pilot plant in Dole and secured €10 million in bridge funding…

Source: AgFunderNews