Fundz

Farminsect's €8M Funding Boosts Scale-Up Of Insect-Based Livestock Feed Technology

PRIVATEOct 23, 2023

Amount Raised

€8 Million

Round Type

Funding Round

BergkirchenAgriculture and FarmingFarmingFarmers Market

Investors

Unternehmer Tum Funding For InnovatorsHtgfEuropean Innovation CouncilThe Minderoo Foundation’s Strategic Impact FundSandwater

Description

An agritech startup in Germany is using insects as a sustainable option for livestock feed. The aptly named FarmInsect has raised a €8 million Series A funding round which will see the commercial scale-up of the company and further development of its technology

Quick answer

FarmInsect raised €8 Million in a Funding Round round, dated October 23, 2023. Investors: Unternehmer Tum Funding For Innovators, Htgf, European Innovation Council, The Minderoo Foundation’s Strategic Impact Fund and Sandwater. FarmInsect is based in Bergkirchen, Bavaria, Germany.

How much did FarmInsect raise?
FarmInsect raised €8 Million in a Funding Round round on October 23, 2023.
Who invested in FarmInsect?
Unternehmer Tum Funding For Innovators, Htgf, European Innovation Council, The Minderoo Foundation’s Strategic Impact Fund and Sandwater are named as investors in this round.
What does FarmInsect do?
FarmInsect offers farmers a solution to use regional organic residues to produce insect larvae.
Where is FarmInsect based and how big is it?
FarmInsect is based in Bergkirchen, Bavaria, Germany.
Who are the decision-makers at FarmInsect?
Fundz holds 1 contact at FarmInsect. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Agriculture and Farming and Farming around the same time

Companies in the same sectors as FarmInsect that raised within 45 days of this round, from Fundz verified event records.

  • DVM Systems raised $289K (Seed) on November 29, 2023.
  • Lucent Bio raised $3.6M (Seed) on November 7, 2023.
  • TrueAlgae raised an undisclosed amount (Funding Round) on October 25, 2023.
  • Complete Farmer raised $9.1M on October 4, 2023.
  • CropX Technologies raised an undisclosed amount (Series C) on October 4, 2023.
  • Complete Farmer raised $10M (Funding Round) on September 20, 2023.

Who to call at FarmInsect, and when

A new round usually means FarmInsect is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day FarmInsect raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at FarmInsect, from your own LinkedIn network

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Company Information

Company

FarmInsect

Location

Bergkirchen, Bavaria, Germany

About

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.

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Fundz sees it the moment FarmInsect raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

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Predictive Intelligence
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FarmInsect raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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