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Can flies feed the world? This Finnish BioTech startup thinks so—and just raised €26 million to prove it

  • Finnish BioTech company Volare has raised €26 million to build the most efficient protein production plant in the world.
  • The funding round includes equity, mezzanine and senior loans, and public funding from various financial institutions.
  • Volare aims to convert food industry byproducts into sustainable insect protein, oil, and fertilisers to strengthen Europe's food resilience.
  • The new facility, Volare 01, set to begin construction in 2025, will enhance protein self-sufficiency and promote sustainable food production in Europe.

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