# Nxtfood
Nxtfood is a French plant-based meat company, created in 2019 in the [Hauts-de-France](https://www.edgepedia.org/hauts-de-france) region and known for its ACCRO brand of chilled and frozen meat alternatives, which it produces at Vitry-en-Artois ([Pas-de-Calais](https://www.edgepedia.org/pas-de-calais)) and sells through French retail and foodservice channels; since September 2025 it has been majority-owned by the investment fund Creadev and, per Agra, is not yet profitable.[1](https://www.agra.fr/articles/substituts-vegetaux-creadev-prend-le-controle-daccro) • [2](https://accro.fr/communique-de-presse-septembre-2025/)
| Key facts | |
|---|---|
| Founded | 2019, Hauts-de-France, France[3](https://www.lesechos.fr/start-up/deals/french-tech-nxtfood-veut-devenir-un-champion-europeen-du-traiteur-vegetal-avec-sa-marque-accro-2187360) |
| Brand and products | ACCRO: more than 20 plant-based references (alt chicken, beef, pork)[4](https://www.proteinproductiontechnology.com/post/nxtfood-raises-eu49-million-to-accelerate-plant-based-growth-across-europe) |
| Production site | Vitry-en-Artois (Pas-de-Calais), operating since autumn 2022; 5,000 t/year capacity, expansion to 12,000 m² and 12,000 t/year planned[3](https://www.lesechos.fr/start-up/deals/french-tech-nxtfood-veut-devenir-un-champion-europeen-du-traiteur-vegetal-avec-sa-marque-accro-2187360) • [1](https://www.agra.fr/articles/substituts-vegetaux-creadev-prend-le-controle-daccro) |
| CEO | Renaud Saïsset[1](https://www.agra.fr/articles/substituts-vegetaux-creadev-prend-le-controle-daccro) |
| Funding | Over €40M before 2025; €49M (US$52.3M) Series B on 19 September 2025[5](https://www.ria.fr/actualites/nxtfood-augmente-son-capital-pour-developper-accro/) • [1](https://www.agra.fr/articles/substituts-vegetaux-creadev-prend-le-controle-daccro) • [4](https://www.proteinproductiontechnology.com/post/nxtfood-raises-eu49-million-to-accelerate-plant-based-growth-across-europe) |
| Investors | Creadev (majority shareholder since September 2025), Roquette Ventures, Clay Capital, IRD Invest[1](https://www.agra.fr/articles/substituts-vegetaux-creadev-prend-le-controle-daccro) |
| Revenue | €1M (2022); €10M (2024); €16–17.4M forecast for 2025[6](https://agfundernews.com/french-startup-nxtfood-raises-58m-to-scale-alt-meat-platform-aims-for-profitability-in-12-18-months) • [3](https://www.lesechos.fr/start-up/deals/french-tech-nxtfood-veut-devenir-un-champion-europeen-du-traiteur-vegetal-avec-sa-marque-accro-2187360) |
| Status | Not yet profitable; break-even targeted during 2026[1](https://www.agra.fr/articles/substituts-vegetaux-creadev-prend-le-controle-daccro) |
## History and founding
Nxtfood was created in 2019 in the Hauts-de-France region. It began producing meat alternatives in autumn 2022 at its plant in Vitry-en-Artois near Arras (Pas-de-Calais), which by 2025 was turning out about twenty product references.[3](https://www.lesechos.fr/start-up/deals/french-tech-nxtfood-veut-devenir-un-champion-europeen-du-traiteur-vegetal-avec-sa-marque-accro-2187360) Its first foodservice products reached the market in late 2022.[6](https://agfundernews.com/french-startup-nxtfood-raises-58m-to-scale-alt-meat-platform-aims-for-profitability-in-12-18-months)
Before the 2025 round, the company had raised more than €40 million since its creation, including a €10 million reinvestment by Creadev and Roquette Ventures in an earlier capital increase; at that point the ACCRO range comprised 16 references, ten chilled and six frozen.[5](https://www.ria.fr/actualites/nxtfood-augmente-son-capital-pour-developper-accro/)
## Products and technology
The ACCRO range covers plant-based alternatives to chicken, beef, and pork, made from pea and wheat proteins with sunflower oil, spices and natural colorants, and formulated without additives according to Les Echos.[3](https://www.lesechos.fr/start-up/deals/french-tech-nxtfood-veut-devenir-un-champion-europeen-du-traiteur-vegetal-avec-sa-marque-accro-2187360) The company's technology is high-moisture extrusion, sometimes called wet extrusion, which it says gives its products a meat-like texture; the 2025 round earmarks further R&D in this process.[6](https://agfundernews.com/french-startup-nxtfood-raises-58m-to-scale-alt-meat-platform-aims-for-profitability-in-12-18-months) • [2](https://accro.fr/communique-de-presse-septembre-2025/)
The company claims a short ingredient list, an all-green [Nutri-Score](https://www.edgepedia.org/nutri-score), protein levels matching meat, high fiber, and low saturated fat.[6](https://agfundernews.com/french-startup-nxtfood-raises-58m-to-scale-alt-meat-platform-aims-for-profitability-in-12-18-months) These are the company's own claims; the sources do not provide independent nutritional or price comparisons with animal meat or with rival brands.
Alongside the ACCRO brand, the Vitry-en-Artois plant manufactures private-label products for retailers, serving grocery retail and both commercial and collective catering.[1](https://www.agra.fr/articles/substituts-vegetaux-creadev-prend-le-controle-daccro)
## Funding: the €49M Series B
On 19 September 2025, Nxtfood announced €49 million of financing, split half equity and half bank debt, the largest fundraising in its history.[1](https://www.agra.fr/articles/substituts-vegetaux-creadev-prend-le-controle-daccro) • [4](https://www.proteinproductiontechnology.com/post/nxtfood-raises-eu49-million-to-accelerate-plant-based-growth-across-europe) Capital Finance describes the round as a Series B led by Creadev, which has backed the company since its seed round, to accelerate industrial development and support European expansion.[7](https://capitalfinance.lesechos.fr/deals/capital-risque/nxtfood-digere-une-serie-b-de-49-meur-2187671)
The round changed the ownership structure: Creadev, the impact fund of the Association familiale Mulliez, became majority shareholder, while Roquette Ventures increased its stake and two new investors joined, Clay Capital and the Hauts-de-France regional fund IRD Invest.[1](https://www.agra.fr/articles/substituts-vegetaux-creadev-prend-le-controle-daccro) • [8](https://www.agefi.fr/private-equity/actualites/nxtfood-leve-49-millions-deuros-pour-simposer-parmi-les-leaders-des-alternatives-vegetales) The stated uses are a tripling of the Vitry-en-Artois site to 12,000 square meters, commercial acceleration in Europe through B2B and co-manufacturing, and R&D in wet extrusion.[6](https://agfundernews.com/french-startup-nxtfood-raises-58m-to-scale-alt-meat-platform-aims-for-profitability-in-12-18-months) • [2](https://accro.fr/communique-de-presse-septembre-2025/)
## Business, traction and by the numbers
Revenue has grown quickly from a small base. Chief executive Renaud Saïsset told AgFunderNews the company did €1 million in 2022, €9.2 million "last year," and expected around €17.4 million for 2025.[6](https://agfundernews.com/french-startup-nxtfood-raises-58m-to-scale-alt-meat-platform-aims-for-profitability-in-12-18-months) Les Echos reports 2024 revenue of €10 million with €17 million forecast for 2025; Agra reports €10 million in 2024 and a €16 million forecast. The 2024 figure is therefore reported as either €9.2 million or €10 million depending on the source, and the 2025 forecast ranges from €16 million to €17.4 million; the discrepancy is unresolved.[3](https://www.lesechos.fr/start-up/deals/french-tech-nxtfood-veut-devenir-un-champion-europeen-du-traiteur-vegetal-avec-sa-marque-accro-2187360) • [1](https://www.agra.fr/articles/substituts-vegetaux-creadev-prend-le-controle-daccro)
Production was expected to reach 2,000 tonnes in 2025, double the 2024 level.[3](https://www.lesechos.fr/start-up/deals/french-tech-nxtfood-veut-devenir-un-champion-europeen-du-traiteur-vegetal-avec-sa-marque-accro-2187360) The company says its plant, inaugurated in 2022, is France's largest operational site dedicated to simili-carné (meat-analog) production, with a capacity of 5,000 tonnes per year; this is a company claim carried by the trade press RIA.[5](https://www.ria.fr/actualites/nxtfood-augmente-son-capital-pour-developper-accro/) The expansion announced in September 2025 will triple the production surface to 12,000 m², with capacity expected to reach 12,000 tonnes annually.[1](https://www.agra.fr/articles/substituts-vegetaux-creadev-prend-le-controle-daccro)
Distribution is concentrated in France: more than 20 ACCRO products are sold in all major French grocery retailers and served in over 10,000 foodservice outlets.[4](https://www.proteinproductiontechnology.com/post/nxtfood-raises-eu49-million-to-accelerate-plant-based-growth-across-europe) The company was first certified B-Corp in 2022 and recertified in 2025, according to its own press release.[2](https://accro.fr/communique-de-presse-septembre-2025/)
## Market context and recent developments
The French retail market for plant-based meat alternatives weighed €120 million at the time of the earlier round (GMS, CAM P4-23, Circana data).[5](https://www.ria.fr/actualites/nxtfood-augmente-son-capital-pour-developper-accro/) Saïsset says sales of meat alternatives are flat or down in many markets while the French market is growing at a double-digit rate, and that the private-label share of the French plant-based market is increasing very fast, which he frames as a co-manufacturing opportunity for Nxtfood.[6](https://agfundernews.com/french-startup-nxtfood-raises-58m-to-scale-alt-meat-platform-aims-for-profitability-in-12-18-months) He also acknowledged that investors have become disillusioned with the plant-based market because expectations were too high and the global economic context is tougher.[6](https://agfundernews.com/french-startup-nxtfood-raises-58m-to-scale-alt-meat-platform-aims-for-profitability-in-12-18-months)
Between late 2023 and September 2025 the company tripled its revenue in 2024, was recertified B-Corp, closed the €49 million round and passed control to Creadev.[4](https://www.proteinproductiontechnology.com/post/nxtfood-raises-eu49-million-to-accelerate-plant-based-growth-across-europe) • [2](https://accro.fr/communique-de-presse-septembre-2025/) • [1](https://www.agra.fr/articles/substituts-vegetaux-creadev-prend-le-controle-daccro)
## References
1. [Substituts végétaux : Creadev prend le contrôle d'Accro | Agra](https://www.agra.fr/articles/substituts-vegetaux-creadev-prend-le-controle-daccro)
2. [Nxtfood lève 49M€ pour devenir le champion européen du végétal | ACCRO (company press release)](https://accro.fr/communique-de-presse-septembre-2025/)
3. [French Tech : Nxtfood veut devenir un champion européen du traiteur végétal avec sa marque Accro | Les Echos](https://www.lesechos.fr/start-up/deals/french-tech-nxtfood-veut-devenir-un-champion-europeen-du-traiteur-vegetal-avec-sa-marque-accro-2187360)
4. [Nxtfood raises €49 million to accelerate plant-based growth across Europe | PPTI News](https://www.proteinproductiontechnology.com/post/nxtfood-raises-eu49-million-to-accelerate-plant-based-growth-across-europe)
5. [Nxtfood augmente son capital pour développer Accro | RIA](https://www.ria.fr/actualites/nxtfood-augmente-son-capital-pour-developper-accro/)
6. [NxtFood raises $58m to scale plant-based meat platform, aims for profitability in 12-18 months | AgFunderNews](https://agfundernews.com/french-startup-nxtfood-raises-58m-to-scale-alt-meat-platform-aims-for-profitability-in-12-18-months)
7. [NxtFood obtient 49 M€ auprès de Creadev | Capital Finance](https://capitalfinance.lesechos.fr/deals/capital-risque/nxtfood-digere-une-serie-b-de-49-meur-2187671)
8. [Nxtfood lève 49 millions d'euros pour s'imposer parmi les leaders des alternatives végétales | L'Agefi](https://www.agefi.fr/private-equity/actualites/nxtfood-leve-49-millions-deuros-pour-simposer-parmi-les-leaders-des-alternatives-vegetales)
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