The insect protein industry is moving away from vertical integration as companies realize this approach is not scalable, but the biggest barrier to growth is securing sustainable feedstock for larvae, says Israel’s FreezeM.
Finland based startup, eniferBio, has generated €11m (US$12.05m) in a series A funding round, led by Dutch aquaculture investment fund, Aqua-Spark, with Tesi, Valio, Voima Ventures and Nordic Foodtech VC also participating.
MicroHarvest has been selected as a winner in the 2023 BloombergNEF (BNEF) Pioneers awards, which recognize early-stage companies working to introduce technologies and products that can push the world to a net-zero global economy.
Singapore based insect ingredient producer, Entobel, is partnering with the International Finance Corporation (IFC) to scale up its operations in Vietnam. The two entities have signed a long-term collaboration agreement.