French court orders liquidation of Ÿnsect: what happens now
Following months under judicial observation, the insect company was unable to obtain the financing needed to keep operating.
The commercial court of Évry, 35 km south of Paris, has ordered the judicial liquidation of Ÿnsect. This decision followed a hearing on 1 December 2025 regarding the company’s judicial reorganization.
After the company filed for a safeguard plan in 2024, the same court established an observation period in September. Since then, the Paris-headquartered firm has tried to restructure its balance sheet, but efforts have so far been unsuccessful.
According to Ÿnsect, it has been unable to secure the necessary financing for its continuation plan within the required timeframe. This happened “despite the strength of its technological portfolio and its new operational model.”
“The company now has solid technologies and an operational model, even though the required funding could not be secured in time,” says Emmanuel Pinto, President of Ÿnsect.
Next steps
Ÿnsect’s assets will be liquidated, meaning they will be sold to interested parties.
GlobalPETS has learned that the company’s vertical mealworm farm in Dole (55 km from Dijon), which produced 200,000 tons of insect ingredients per year, was sold in June.
Pinto hopes that the “significant” technical and industrial skills developed by the teams will be put to “productive use and contribute significantly to both Europe’s protein independence and the fight against climate change.”
From Europe to the US
Ÿnsect expanded its operations with the opening of a new French facility in 2021 and the launch of a mealworm farm in the US in 2023.
In 2024, the AAFCO (Association of American Feed Control Officials) granted the company the first authorization to commercialize defatted mealworm proteins in the US.
“This authorization opens the doors to the immense American market just as we are preparing to deliver our first pet food customers from our Amiens farm,” said Shankar Krishnamoorthy, CEO at the time.
Dozen farms by 2030
The company also secured a Series D funding round worth €160 million ($175.5M) in 2023 with the aim of developing its portfolio and accelerating marketing authorizations for its ingredients across different markets.
Ÿnsect also wanted to accelerate its international development by building a dozen vertical farms by 2030.
In that same year, the French player also underwent a rebranding and moved its ingredient product portfolio under the Sprÿng brand.
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