# Entomics Biosystems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/entomics-biosystems

- Industry: Food
- Headquarters: Cambridge, UK
- Website: www.betterorigin.co.uk
- Total disclosed funding: $20M
- Latest round: Series A (Apr 7, 2022)
- Investors on record: 4

## About

Founded in 2015 and based in Cambridge, UK, Entomics Biosystems Limited doing business as Better Origin is a biotechnology company that transforms food waste into sustainable resources through insect biomass conversion for the agricultural sector. The company was founded by its CEO Fotis Fotiadis, CSO Miha Pipan and Joe Halstead. In February 2021, Entomics Biosystems Ltd. raised EUR 2.5 million in seed funding from new investor Fly Ventures. 

The company’s product called Better Origin x1 is a bioconversion unit that grows insect-like black soldier fly larvae to convert waste such as excess feedstock or food waste, into insects, rich in proteins and fats. The feedstock is delivered into the unit along with the larvae and they are grown over a 7-14 day period depending on the type of feed required. 

The company’s artificial intelligence called overmind oversees the feeding and inspection of the larvae’s health and when ready, they are harvested and delivered directly to the animals as food. The Better Origin x1 operates in a plug & play model and can easily be grouped into a larger system. each module can also supply regional processing units, allowing the nutrients from organic matter to be used across the network. 

Better Origin plans to accelerate its scaling operation and deploy more systems across the UK.

## Funding rounds

- Series A, Apr 7, 2022, $16M — Balderton Capital, Fly Ventures, Metavallon VC
- Seed, Dec 18, 2020, $2.8M — Fly Ventures, Metavallon VC
- Seed, Mar 28, 2019, $0.9M — Metavallon VC
- Seed, Mar 25, 2019, $0.8M — Metavallon VC, Green Angel Syndicate

## Investors

- Metavallon VC (https://capitalatlas.ai/funds/metavallon-vc) — Seed, Series A
- Green Angel Syndicate (https://capitalatlas.ai/funds/green-angel-syndicate) — Seed
- Fly Ventures (https://capitalatlas.ai/funds/fly-ventures) — Seed, Series A
- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A