Ÿnsect will shutter its Netherlands facility and shift from animal feed production to pet feed as the company strives for profitability.
The FlyFeed founder describes his journey from working at SaaS startups to building his own insect protein company to combat global hunger.
The Paris-based startup will supply insect protein to ADM’s pet foods division, to create “high-quality nutritional” products with “a significantly lower carbon footprint and land requirement.”
The Bangkok-based startup makes pet food products out of black soldier fly larvae, feeding them “a diet from pre-consumed food waste” and other “food surpluses.”
London insect farming startup Entocycle will lead the project, which will aim to build a facility that rears black soldier flies by the millions.
Colorado-based Bond Pet Foods just secured bridge financing to take its total funding to date to $2 million.
Smoke & mirrors, not worth the extra cost: 50 US farmers speak out on carbon markets