Ÿnsect's Fall: Europe's Scaling Struggles in Deep Tech

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Ÿnsect, the French insect farming startup that gained fame with Robert Downey Jr.s endorsement, has filed for bankruptcy after raising over $600 million. Despite aiming to produce sustainable insect protein, the company struggled with focus, market shifts, and high operational costs. Their ambitious giga-factory project and leadership changes ultimately led to their downfall, highlighting Europes challenges in scaling deep tech ventures.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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