Funding round
Innovafeed Growth
Reported as "Growth Equity"
Innovafeed, which works in insect protein and oil production in Paris, raised $46M in a Growth round announced on 1 Dec 2018, led by CREADEV. 1 firm took part. It is Innovafeed's first venture round on record.
$46M
Amount raised
40,000,000 EUR converted
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Innovafeed did not disclose a valuation in this round. It is Innovafeed's first venture round on record, 2 years after it was founded in 2016. It is 13% of the $355M Innovafeed has raised in the venture rounds on record. Innovafeed raised again 45 months later: a Series D round of $250M in Sep 2022.
Innovafeed's funding rounds
Innovafeed has 3 venture rounds on record and 2 other deals. This one is highlighted.
Investors
Who put money in
CREADEV led the round.
Lead investor
- backs 22 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, scaling operations and working capital.
- Hiring
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Animal Feed, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Animal Feed | 27 Jun 2019 | $30M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 11 Dec 2018 | $2.00B | $7.00B | Blackstone |
| Cambridge Mobile Telematics Tech Companies | 19 Dec 2018 | $500M | not disclosed | SoftBank Vision Fund |
| Food delivery | 20 Dec 2018 | $320M | $2.60B | Hillhouse |
| GreenYellow Renewable energy companies | 18 Dec 2018 | $170M | not disclosed | Tikehau Capital and Bpifrance |
| Discord Tech Companies | 21 Dec 2018 | $150M | $2.05B | Greenoaks |
| Cross River Banks & ATMs | 6 Dec 2018 | $100M | not disclosed | KKR |
| Toss Business Payment Processing & Point of Sale | 10 Dec 2018 | $80M | $1.20B | Ribbit |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Innovafeed raise in its Growth round?
Innovafeed raised $46M in its Growth round, announced in Dec 2018.
Who led Innovafeed's Growth round?
CREADEV led it.
What was Innovafeed's valuation at the Growth round?
It was not disclosed.
Did Innovafeed raise again after this round?
Yes: a Series D round in Sep 2022 of $250M.