FarmInsect offers farmers a solution to use regional organic residues to produce insect larvae. The insect larvae can then be fed to the farm animals as protein feed instead of imported soy or fishmeal. FarmInsect provides a machine and IoT system that enables the automated production of insects alongside a continuous supply with young larvae for fattening. This enables a circular economy where farmers can reduce up to 30 % of their costs, increase animal health and save over 50 % of CO2 emissions. Here are details of FarmInsect‘s latest funding round :
🚀 Launch
2019
🏭 Industry
Food and Beverage Manufacturing
🧠Management
Thomas Kuehn (Cofounder), Wolfgang Westermeier (Cofounder)
💸 Funding & Investors
INVESTMENT (October 2023) | €8 million (Series A) |
INVESTORS (October 2023) | led by Sandwater with participaiton from Minderoo Foundation, EIC Fund, and Bayern Kapital’s Wachstumsfonds Bayern 2. |
🎯 Funding purpose
Expand its sales activities and increase its production capacity.
🌐 Country HQ
Germany (Munich)