# Cricket One

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cricket-one

- Industry: Food
- Headquarters: Ho Chi Minh City, Vietnam
- Website: www.cricketone.asia
- Total disclosed funding: $0.4M
- Latest round: Seed (Jul 18, 2019)
- Investors on record: 2

## About

Cricket One is a Vietnamese company based in Loc Ninh specializing in the production of sustainable cricket-derived ingredients for food, beverages, cosmetics, and pet food markets.Founded in 2017 in Ho Chi Minh City, Vietnam, Cricket One engages in the innovative production of cricket-based ingredients. The company has completed 3 deals, with their most recent funding round being a Seed round on September 24, 2023, where they raised USD 0.36 mn from investors including 500 Global and Masik Enterprises Pte. Ltd. The CEO of the company is Nam Dang, while the founders are Bicky Nguyen and Nam Dang.Cricket One specializes in the production and innovation of high-quality, sustainable ingredients derived from crickets, targeting various sectors including food, beverages, cosmetics, and pet food. Their core offerings encompass cricket protein, an environmentally friendly alternative to conventional protein sources, adhering to stringent quality standards, particularly FSSC 22000. Their products are approved in several European markets and also sold in North America and Japan, addressing challenges related to malnutrition and sustainability.In the year 2023, Cricket One generated a revenue of USD 310,608.80, with an EBITDA of USD -12,253.30, reflecting their ongoing investment in product development and market expansion.Following their recent Seed funding round in September 2023, Cricket One plans to utilize the USD 0.36 mn raised to expand their product line and develop new cricket-derived offerings aimed for launch in late 2024. They are also targeting expansion into Asian and European markets to broaden their customer base. The funding will support these initiatives, enhancing production capabilities and market outreach.

## Funding rounds

- Seed, Jul 18, 2019, $0.4M — 500 Global, Masik Enterprises Pte. Ltd.

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Masik Enterprises Pte. Ltd. — Seed