Kinsect Closes Seed Round Led by CDP Venture
Deal News | Dec 09, 2024 | Legal Community Italy
Kinsect, an innovative startup focusing on sustainable protein production through insect farming, has successfully completed a seed funding round led by CDP Venture Capital. The investment was facilitated through the Farming Future initiative, established in cooperation with ToSeed & Partners to support agri-food technology transfer. The legal structuring of the transaction was managed by the law firm Cappelli Riolo Calderaro Crisostomo Del Din & Partners (Crccd). Key participants in the round included Agroxx, Forest Valley Catalist, and Terra Next, the latter having previously supported Kinsect through its acceleration program promoting startups and innovative SMEs in the bioeconomy sector. This round represents a significant milestone for Kinsect as it aims to advance its mission of producing sustainable, protein-rich feed solutions.
Sectors
- Agri-Food Technology
- Venture Capital
- Bioeconomy
Geography
- Italy – The article mentions Italian entities and initiatives, including CDP Venture Capital and Italian startup Kinsect.
Industry
- Agri-Food Technology – The article involves a startup focused on insect farming technology for sustainable protein production in the agri-food sector.
- Venture Capital – The article discusses a seed funding round led by CDP Venture Capital, a participant in the venture capital industry.
- Bioeconomy – Kinsect's focus on sustainable protein production through insect farming aligns with the broader bioeconomy sector, promoting sustainability and innovation.
Financials
- Not specified – The specific amount of the seed round was not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kinsect | Target Company | Company | An innovative startup involved in insect farming for sustainable protein production. |
| CDP Venture Capital | Lead Investor | Company | A venture capital firm that led the seed round for Kinsect through its Technology Transfer Fund. |
| Cappelli Riolo Calderaro Crisostomo Del Din & Partners (Crccd) | Legal Advisor | Company | A law firm that provided legal advisory for the seed round transaction. |
| Agroxx | Follower Investor | Company | A contributing investor in the seed round for Kinsect. |
| Forest Valley Catalist | Follower Investor | Company | A contributing investor in the seed round for Kinsect. |
| Terra Next | Follower Investor | Company | Part of CDP Venture Capital’s National Accelerator Network, previously invested in Kinsect. |
| ToSeed & Partners | Partner | Company | Involved in the partnership that initiated the Farming Future to support agri-food technology transfer. |
| Intesa Sanpaolo Innovation Center | Promoter | Company | Promoted the initiative Terra Next which is part of the CDP Venture Capital accelerator network. |
| Cariplo Factory | Operational Manager | Company | Operationally manages Terra Next, which invested in Kinsect. |