HiProMine raised PLN 26.1 million for insect-breeding plant

HiProMine is a producer of alternative protein and fat, which is produced through an innovative proprietary technology from industrial insect breeding. It will soon list on NewConnect.

The firm raised PLN 26.1 million for further development as part of a private subscription. K series shares in the number of 130,500, accounting for 32 percent after the transaction. the company’s share capital was taken up by 40 investors at a price of PLN 200. DM Navigator was the main manager of the offer and bookkeeper. The company intends to introduce all its shares to the NewConnect market in the coming months.

“This is the largest issue in the history of companies targeting the NewConnect market. The transaction proves that the investors have positively verified the company, its achievements to date, vision and strategy for further development” – comments prof. Damian Józefiak, president of the board, originator and co-founder of HiProMine.

As the board of HiProMine emphasizes, the diversification of protein sources towards ecological local resources is consistent with the strategic goals of the EU in the field of environmental protection and food security, i.e. the European Green Deal.

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