Sandwater has led an €8M financing round for Munich-based FarmInsect, a pioneering insect farming company, to support its growth and technology development in the sustainable protein sector.
Target Information
FarmInsect, based in Munich, is at the forefront of the insect farming industry, providing a comprehensive, modular solution for decentralized and on-site production of insect larvae. The company prioritizes innovation, boasting advanced breeding practices and genetic strains that are tailored for enhanced adaptability to local feedstocks, thereby improving the efficiency and sustainability of insect farming.
By leveraging the unique capabilities of insects, FarmInsect aims to offer a more sustainable protein alternative for animal feed, significantly reducing CO2 emissions associated with traditional feed sources. Their customers enjoy considerable cost savings and additional revenue opportunities through the circular use of local waste, which includes generating fertilizers, biogas, and selling larvae to third-party processors.
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Industry Overview
The insect farming industry in Germany is rapidly evolving, responding to the increasing demand for sustainable protein sources. With a societal shift towards more eco-friendly agricultural practices, insects are emer
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Sandwater
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in 2023
in a Series A deal
Disclosed details
Transaction Size: $9M