Toulouse, France – Aviwell, a tech agrifood startup that develops natural and sustainable solutions to improve animal growth, announced today that it has raised €9 million in seed funding. The round was led by Elaia Partners and MFS Impact Investment Development of Boston. In addition, Aviwell also announced that it has been awarded non-dilutive grants from both the European Innovation Council (EIC) and the Banque Publique d’investissement of France (BPIFrance).
The company intends to use the funds to develop its hybrid AI-based discovery platform, which identifies insights into animal health, growth, and performance. Aviwell’s solutions are designed to improve animal welfare and sustainability, while also reducing the environmental impact of the agrifood industry.
“We are excited to announce this funding round, which will allow us to accelerate the development of our platform and bring our solutions to market,” said Mouli Ramani, CEO of Aviwell. “We believe that our technology has the potential to revolutionize the way we feed animals, and we are committed to making a positive impact on the planet.”
The agri-food industry is a major contributor to climate change, accounting for around 14.5% of global greenhouse gas emissions. Aviwell’s solutions offer a way to reduce the environmental impact of the industry by improving animal feed efficiency. The company’s products are also designed to improve animal welfare, by reducing the need for antibiotics and other harmful chemicals.
“We are impressed with Aviwell’s team and their vision for the future of the agri-food industry,” said Matthieu Cahn, Partner at Elaia Partners. “We believe that their technology has the potential to make a significant impact on the way we produce food, and we are excited to support them on their journey.”
Aviwell is one of a number of startups that are developing innovative solutions to improve animal growth and sustainability. Other companies in this space include:
- Ynsect is a French startup that produces insect-based feed for animals.
- Protix, a Dutch startup that produces protein from insects.
- Aleph Farms is an Israeli startup that is developing lab-grown beef.
These startups are all working to address the challenges facing the agrifood industry, such as climate change, animal welfare, and food security. They are all well-funded and have a strong team of experienced professionals. These factors make them well-positioned to succeed in the agrifood tech market.
Deal Table for Aviwell
| Key People | Investors | Amount Invested | Sector | Funding Round |
|---|---|---|---|---|
| Mouli Ramani | Elaia Partners, MFS Impact Investment Development | €9M | Agrifood | Seed |
The insect farming and food industry is a rapidly growing sector, with the global market expected to reach $10 billion by 2030. This growth is being driven by a number of factors, including the increasing demand for sustainable food sources, the growing awareness of the environmental benefits of insect farming, and the development of new technologies that make insect farming more efficient.
Insects are a sustainable source of protein, as they require less land, water, and feed than traditional livestock. They are also a good source of vitamins and minerals, and they can be processed into a variety of food products, such as protein powders, snacks, and pet food.