We told you about “The 3 Largest Insect Farming Start-ups in the World” and how they raised over $120 Million (USD) between the three of them to fund insect farms (2 Black Soldier Fly farms and one Mealworm Farm).
There’s that Black Soldier Fly again…
You know how they have dubbed the Cricket “The Gateway Bug”? Well, I have dubbed the Black Soldier Fly “The Money Bug“.
Consider that official. 🙂
This is a record…
AgriProtein, producer of insect derived products has raised a further US$105 million in funding, marking a new high in investor appetite for the insect protein sector.
The record raise by AgriProtein Holdings UK, together with additional local project finance for a series of factory builds in Africa, the Middle East and Asia, puts AgriProtein on track to deliver its ambitious factory roll-out plans. Jason Drew, AgriProtein co-founder and CEO, said: “This is a significant vote of confidence in a growth industry producing a sustainable protein for use in animal diets. It reaffirms our position as the leading up-cycler of waste-to-protein and brings us the financial resources for further global expansion.”
