Mekong Capital has invested $25 million in Entobel, a leading biotech company in Vietnam focusing on insect-based protein production, as part of a $30 million funding round to further enhance sustainability within the food industry.

Target Information

Entobel is a biotechnology firm specializing in the production of insect-based ingredients derived from Black Soldier Flies. The company caters to various sectors, including animal feed, pet food, and fertilizers, with three primary products: insect meal, insect oil, and organic fertilizer. Established in 2013, Entobel has dedicated significant resources to research and development, ensuring that its processes for converting food by-products into insect protein are efficient and scalable.

In early 2019, Entobel constructed one of the world’s largest insect production facilities in Dong Nai province, Vietnam, boasting an impressive annual capacity of 1,000 tons of insect meal. Looking ahead, the company plans to launch an additional plant by 2023 to meet the surging global demand for sustainable protein alternatives while also addressing environmental concerns across food production chains.

Industry Overview in Vietnam

The biotechnology industry in Vietnam is experiencing substantial growth, driven by increasing consumer demand for sustainable and innovative food solutions. As Vietnam's agriculture and aquaculture industries