Nxtfood, the French plant-based meat alternative producer, has secured €49 million in a recent fundraising round. The company, which has experienced rapid growth with its ACCRO brand, is ready to scale up its operations and strengthen its presence in Europe.
Founded in 2019 in Hauts-de-France, Nxtfood focuses on creating plant-based products using locally sourced wheat and pea proteins. Its product range includes a variety of meat substitutes, from mince to kebabs and sausages, all of which are available in major French grocery chains and over 10,000 foodservice outlets. With its recent performance, the company tripled its revenue in 2024, making it one of the fastest-growing plant-based start-ups in France.
Fueling expansion beyond France
The €49M round was led by Nxtfood’s long-term investors, Creadev and Roquette Ventures, and included two new partners: Clay Capital and IRD Invest (Groupe IRD). These investors will help the company expand its manufacturing capabilities and drive its European expansion.
Aiming for profitability by 2026
Nxtfood plans to allocate the new funding to three key areas: expanding its production site in Vitry-en-Artois, France, to increase capacity; enhancing its research and development in wet extrusion technology; and accelerating sales and marketing efforts both in France and across Europe. The company is targeting profitability within the next 12 to 18 months and expects to double its revenue in 2025.
CEO Renaud Saïsset expressed confidence in the company’s trajectory: “This record fundraising is a true vote of confidence. Our historical shareholders, Creadev and Roquette Ventures, have reaffirmed their support, and two new committed partners, Clay Capital and IRD Invest, are joining the adventure.”
Creadev, which is now the majority shareholder, sees Nxtfood’s industrial growth aligning with its commercial success. Baptiste Gormand, Senior Investment Director at Creadev, noted, “We are proud of this new milestone for Nxtfood, whose industrial future is now fully aligned with its commercial performance. The arrival of Clay Capital and IRD Invest further strengthens an already solid governance.”
Balancing growth with responsibility
In addition to expanding its business, Nxtfood is committed to maintaining its environmental and social goals. It received B-Corp recertification in 2025, after first achieving the designation in 2022.
Clay Capital’s founder Matthieu Vermersch remarked, “We have long observed the plant-based meat market with caution, looking for the right alignment between product, strategy, and team. With Nxtfood, we have found a company that combines operational excellence at scale, European ambition, and a clear path to profitability.”
