nextProtein

Active#40 worldwide · Alternative proteins

Estimated valuation · Alternative proteins · France

Converts low-value agri-food by-products with black soldier fly larvae into protein powder, oil and fertiliser for aquaculture, livestock and pet food, producing in Tunisia.

Food & agriculture›Alternative proteins nextprotein.co

HQFrance

Last roundSeries B · Nov 2025

Estimated valuation

AI · Alternative proteins ranking (worldwide)

≈ USD 110MUSD 86–130M · Hundreds of M$

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Hectocorn

Anchor: Last known equity round: Series B · USD 20.7M · Nov 2025

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
Alternative proteins · worldwide	Top 50	#40	Edition 0 · Oct 2026	28 Feb 2027

Rank historyOct 2026 · #40 Alternative proteinsFirst edition: no movements yet.

Funding history

Date	Round	Amount	Type	Investors
Nov 2025	Series B	USD 20.7M	Equity	SWEN Capital Partners, British International Investment, Mirova, RAISE Impact

EUR 18M of equity; EUR 4M of bank debt not counted.

Rounds as cited by Uback’s rankings. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

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What the AI reads

Pappers (French company registry)Planned

Read by the AI at the next edition.

Comparable companies in alternative proteins

Full alternative proteins ranking →

Changing Bio#39ChinaHundreds of M$Planetary#41SwitzerlandHundreds of M$Hoxton Farms#38United KingdomHundreds of M$Mosa Meat#42NetherlandsTens of M$

Last updated: Oct 2026Report an error

Uback is a content publisher and an aggregator of non-binding expressions of interest. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.