Idealist Capital, Sanimax and Fondaction invested $58 million in insect company Entosystem, which aims to accelerate Entosystem’s growth by increasing existing production capacity and constructing a second commercial plant.

Using its cutting-edge technology, Entosystem diverts tonnes of organic materials from landfills and transforms them into high-quality ingredients, reducing the environmental footprint of food production.

The Drummondville carbon-negative plant can process 90,000 tonnes of organic matter each year into 5,000 tonnes of high-quality protein meal, as well as 15,000 tonnes of fertilizer approved for organic farming. According to an independent study, this innovative project reduces GHG emissions by 85% compared to the current scenario and generates carbon credits.

The second plant under development represents a key step in the company’s growth strategy to meet the increasing demand for sustainable proteins and organic fertilizers.

“This agreement is the result of a rich collaboration with strategic business partners and, above all, the dedication of an outstanding team without whom Entosystem would not have been able to position itself so quickly as a world leader in its sector. We have all the keys in hand to achieve our ambitions and grow,” said Cédric Provost, president and co-founder of Entosystem.

“We are delighted to be able to support such an innovative company as Entosystem. Their sustainable approach aligns perfectly with our strategic plan, our values and our mission of a greener environment”, said Martial Hamel, chief executive officer of Sanimax.

“With the Drummondville plant, Entosystem has demonstrated, at scale, its process for the economic reclamation of organic matter through the production of proteins for animal feed and organic fertilizers,” shares Steeve Robitaille, co-managing partner at Idealist Capital. “We are excited to support the Entosystem team in the next phase of its scale-up in a booming industry.”