Les Nouvelles Fermes raised €2 million from IRDI Capital Investissement, Banque des Territoires and business angels from France.

France 15 April 2021

Les Nouvelles Fermes, a Bordeaux-based aquaponic farm operator, announced closing a €2 million ($2.4M) funding round.

The money was raised from French investors, including the regional investment fund IRDI, undisclosed local business angels, the Banque des Territoires, Crédit Agricole Aquitaine and the CIC.This first round of investment was carried out with the support of the Agence de Développement et d’Innovation de Nouvelle-Aquitaine.

Proceeds will be used to build one of the largest urban aquaponics farms in Europe in the Bordeaux metropolitan area, - the project “Odette”, a 5000 m² urban farm, which will employ up to 17 people.

Les Nouvelles Fermes, founded in 2019 by Laura Gaury, Thomas Boisserie, Clément Follin Arbelet, Paul Morel and Edouard Wautier, launched “Pauline”, an experimental farm located in Lormont in the Bordeaux area, which produces 20 tons of fresh vegetables and 2 tons of rainbow trout per year. Aquaponics is an intensive agriculture without synthetic chemistry, without phytosanitary products, resolutely optimistic, and which brings a concrete solution towards changing current agricultural practices.