At full capacity, Beta Hatch’s new facility will produce one ton of insect protein every day. It is scheduled to open sometime in 2021.
London insect farming startup Entocycle will lead the project, which will aim to build a facility that rears black soldier flies by the millions.
Two $100-million fund announcements and a spate of deals in August signal growth in sustainable seafood and aquaculture investment opportunities.
The funding will be used to construct what it describes as the largest mealworm facility for animal feed in North America.
From the bustling streets of Bangkok and into labs in the APAC region, here’s how start-ups here are harnessing the power of the insect kingdom.
This is the largest early-stage agtech funding deal on record in Europe.
As the sun sets on food tech in 2018 and the dawn of a new year arrives, what can we say about 2018 and what can be expected of 2019?
A new report from ReFED also revealed that grant funding from foundations reached $134 million in the first three quarters of 2016, increasing 70% over five years.
Last week, Enterra Feed Corporation, an insect farming business from Canada, announced its latest round of funding and plans to construct three new insect factories in Canada and the US.
Beta Hatch cultivates mealworms for animal feed using patent-pending equipment, a trade-secret process and unique genetic stock, developed by entomologist and founder Virginia Emery.
Since 2014, insect startups raised $124 million. Of this, $4.2 million went to companies creating consumer products for human consumption – the rest went to insect farming operations.
The company will soon break ground on a 117-acre property in Boynton Beach, Florida, which contains a 55-acre man-made lake where the firm will operate a “de-coupled” aquaponics system.
Protix farms insects predominantly for animal and aquaculture feed, and has cracked the scalability challenge, according to new investors.
The Good Kitchen, launched last year as Europe’s first accelerator program for social startup businesses tackling food issues, will award low-interest loans to the startups to get their businesses off the ground.
MicroSynbiotiX, a startup creating a novel oral delivery process for fish, has won the Nutreco Feed Tech Challenge.
This values the company at $117 million making AgriProtein not only one of the best-funded insect farming businesses globally with around $30 million raised to-date but the most valuable, according to its founders.
Mike Betts, director of investments at AgFunder, shares his key takeaways from the event and his thoughts on the growing aquaculture sector.
Cloud kitchens continue to rake in the funds; agtech investors swarm around insect protein startups.
Is there a case to be made for distributed, hyper-local food processing models? SavorEat CEO Racheli Vizman thinks so.
AgriProtein is constructing insect factories across the Middle East, Asia and South Africa that use municipal waste as feedstock.
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