Entobel completes $30M investment round
The Singaporean biotech company wants to become the leading insect protein producer in the world.
Entobel is working on new product developments in order to ensure its market relevance and competitiveness.
Co-founders Gaetan Crielaard and Alexandre de Caters said that capital efficiency and robust technology “is the right approach to massive scaling up.”
The company produces insect-based ingredients from Black Soldier Flies in various industries including the animal feed, pet food, and fertilizer industry. Currently, it has 3 main products in its portfolio: insect meal, insect oil, and organic fertilizer.
The fund was led by Mekong Enterprise Fund IV ($25M /€23.8M) and Dragon Capital ($5M / €4.7M).
Feed additive research company Adisseo and Entobel recently agreed to initiate an R&D collaboration to better understand and enhance insect rearing performance and the nutritional requirement of insects.