Their appeal seems to have become more selective than was hoped

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No Eating Ze Bugs: Europe’s Biggest Insect Company Goes Bankrupt

Italian outlet Press Kit announced today that Ÿnsect, a French-based entity that was the biggest insect production company in Europe, could not secure necessary financing. The significant amount of funding poured into it in the past by woke investors and governments was insufficient to keep the boondoggle going. Therefore, as of this week, Ÿnsect was liquidated, declared bankrupt, and then placed into judicial liquidation over its insolvent state.

According to publicly available data, Ÿnsect's revenue from its parent company peaked at €17,8 million in 2021 (about $21 million), a figure apparently inflated by internal transfers between subsidiaries. By 2023, the company had accumulated a net loss of €79,7 million ($94 million), Tecno Crunch reports…[Ÿnsect] had raised over $600 million, including funds from Downey Jr.'s FootPrint Coalition, taxpayers, and many others. The company also secured a €160 million ($175,5 million) Series D financing round in 2023.

But Ÿnsect went bankrupt anyway.

Speaking of bankrupt, here’s an interesting article on bug dining that I found in a now defunct progressive online publication:

This site is an archive. The Seattle Globalist ceased operations on September 30, 2020. 

Seattle’s ‘Bug Chef’ promotes the benefits of an insect diet

From the article:

Overall, the [United Nations Food and Agriculture Organization] FAO gives cites three major benefits of entomophagy:

  • Health – “Many insects are rich in protein and good fats and high in calcium, iron and zinc.”

  • Environmental – “Insects promoted as food emit considerably fewer greenhouse gases (GHGs) than most livestock.” Also, “Insect rearing… does not require land-clearing to expand production.”

  • Livelihood – “Insect harvesting/rearing is a low-tech, low-capital investment option that offers entry even to the poorest sections of society, such as women and the landless.”


Elsewhere, Bill Gates and George Soros’ World Economic Forum troopers have always been in favor of the Little People eating bugs.

WEF Feb 9, 2022: 5 reasons why eating insects can reduce climate change

1. Edible insects can produce equivalent amounts of quality protein when compared to animals. · 2. Insects require less care and upkeep than ...Read mor

WEF July 12, 2021: Why we need to give insects the role they deserve in our food systems

Insects are a credible and efficient alternative protein source requiring fewer resources than conventional breeding.Read more

Once they work the bugs out, they’ll be back.