# Beta Hatch

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beta-hatch

- Industry: Agribusiness
- Headquarters: Cashmere, US
- Website: www.betahatch.com
- Total disclosed funding: $11M
- Latest round: Series A (May 21, 2020)
- Investors on record: 10

## About

Beta Hatch Inc. is a company specializing in sustainable insect-based nutritional products, including mealworms and frass, aimed at enhancing animal feed and promoting agricultural practices.Founded in 2015 and headquartered in Cashmere, US, Beta Hatch Inc. focuses on insect farming technology. The company was founded by Virginia Emery, who has a history of entrepreneurship in the sustainable food sector. In August 2021, Beta Hatch raised USD 10.00 mn in a funding round led by Lewis & Clark Ventures, with participation from Cavallo Ventures and Innova Memphis. This funding round represents the total amount raised by the company to date, which is also USD 10.00 mn.Beta Hatch specializes in the production of insect-based nutritional products, primarily focusing on whole mealworms, protein meal, mealworm oil, and frass, a dry fertilizer derived from mealworm rearing. The company's technology enables the efficient conversion of mealworms and their byproducts into high-performance nutrients for various end uses. Whole mealworms and mealworm oil serve as alternative protein sources for animal diets, particularly in aquaculture, pet food, poultry, and swine industries, where they can replace traditional feed components like fishmeal. The frass produced acts as a natural fertilizer and soil amendment that promotes plant growth and improves soil health. Beta Hatch's products are marketed predominantly within the United States, targeting sectors such as agriculture, aquaculture, and pet food, addressing the growing demand for sustainable and high-quality animal feed solutions.Beta Hatch generates revenue through direct sales of its insect-based nutritional products to various clients, including pet food manufacturers, aquaculture businesses, and agricultural distributors. The transaction structure typically involves B2B arrangements where businesses purchase bulk quantities of products like whole mealworms, mealworm oil, and frass for incorporation into their offerings. While specific pricing plans for these products are not disclosed, they are structured to accommodate varying client needs based on order volume and product specifications. The company's flagship products, including the whole dried mealworms raised in the U.S. and its proprietary frass, cater to an increasing market focused on sustainability and nutritional quality. Beta Hatch's revenue model is aligned with trends in the food and agriculture sectors, reflecting a commitment to innovative solutions for protein sourcing and soil health enhancement.In August 2021, Beta Hatch Inc. raised USD 10.00 mn in venture funding to finalize and expand its flagship facility located in a small city east of Seattle. The funding will support the introduction of new products and enhance production capabilities, focusing on expanding into the aquaculture and agricultural markets in the Pacific Northwest by 2022.

## Funding rounds

- Series A, May 21, 2020, $9.3M — Innova Memphis, Cavallo Ventures, Brighton Jones Investment Partners, Klein Private Equity Investment, AccelR8, SeaAhead
- Seed, Apr 5, 2018, $2.1M — Frontier Angel Fund, E8 Angels, Keiretsu Capital, Cavallo Ventures, NQV8

## Investors

- Frontier Angel Fund (https://capitalatlas.ai/funds/frontier-angel-fund) — Seed
- E8 Angels — Seed
- Keiretsu Capital (https://capitalatlas.ai/funds/keiretsu-capital) — Seed
- Cavallo Ventures (https://capitalatlas.ai/funds/cavallo-ventures) — Seed, Series A
- NQV8 (https://capitalatlas.ai/funds/nqv8) — Seed
- Innova Memphis (https://capitalatlas.ai/funds/innova-memphis) — Series A
- Brighton Jones Investment Partners — Series A
- Klein Private Equity Investment — Series A
- AccelR8 (https://capitalatlas.ai/funds/accelr8) — Series A
- SeaAhead (https://capitalatlas.ai/funds/seaahead) — Series A