Beta Bugs has secured a £2.1 million investment led by TRICAPITAL Angels to enhance its growth in the insect genetics sector, aiming to revolutionize black soldier fly farming.

Target Information

Beta Bugs, a pioneering Scottish company established in 2017 and headquartered at the Easter Bush Campus in Edinburgh, is positioned at the forefront of insect genetics. Founded by CEO Dr. Thomas Farrugia, the company has garnered significant attention for its innovations in Black Soldier Fly (BSF) genetics. With an aim to become a global leader in this niche, Beta Bugs has successfully secured multiple investments, most recently a £2.1 million funding round led by TRICAPITAL Angels, complementing an earlier £1.7 million investment.

The fresh injection of capital will facilitate Beta Bugs in advancing its development as an international player in BSF genetics and enhance its production capabilities for fly eggs and juvenile larvae, essential for supplying insect farming operations.

Industry Overview in Scotland

Over the past decade, the black soldier fly farming industry has experienced remarkable growth in Scotland and beyond. The larvae of black soldier flies are becoming increasingly valuable due to their ability to p