FarmInsect
Latest round
- Series A
Last raised
- Jul 2023
Total raised
- $9M
Investors
- 13
About FarmInsect
FarmInsect GmbH specializes in automated insect farming systems designed to transform organic waste into sustainable protein sources. Founded in 2019 in Germany, the company has undergone strategic developments to optimize its operations, significantly expanding its market presence. Wolfgang Westermeier is the founder of the company, and Thomas Kuehn currently serves as CEO.FarmInsect's primary product offerings revolve around innovative automated insect farming systems that integrate insects as a sustainable protein source within agricultural operations. The company's modular farming units enable farmers to cultivate larvae efficiently, which serve as a protein source for livestock and the pet food industry. The system operates on a subscription model, where farmers receive weekly deliveries of young larvae, facilitating a continuous breeding and harvesting cycle. This model optimizes local agricultural resources by utilizing organic waste from farms, thereby supporting a circular economy.FarmInsect generates revenue through direct transactions with farmers and partnerships with feed manufacturers. The company sells its automated insect farming systems, which include comprehensive startup services, training, and setup of the FarmInsect Cloud system, allowing farmers to operate the units remotely. Revenue also comes from the sale of harvested insects, which are processed and marketed as a sustainable protein source for agricultural and pet food industries. This B2B structure fosters collaboration between FarmInsect and its clients, creating a robust ecosystem around insect farming. The company is developing new product offerings and expanding its reach into new agricultural markets across Europe. With a focus on sustainability and efficiency, FarmInsect aims to establish a stronger presence in the insect farming sector, further integrating their solutions into agricultural practices by the end of 2024.
Who invested in FarmInsect
13 investors across 2 rounds
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Questions about FarmInsect
Who invested in FarmInsect?
FarmInsect has 13 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has FarmInsect raised?
FarmInsect has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did FarmInsect last raise money?
FarmInsect's most recent round on record is a Series A, in Jul 2023.
What does FarmInsect do?
FarmInsect GmbH specializes in automated insect farming systems designed to transform organic waste into sustainable protein sources.
Where is FarmInsect headquartered?
FarmInsect is headquartered in Germany.
Which VCs invest in companies like FarmInsect?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back agribusiness companies at FarmInsect's stage. Their profiles are linked below.
VCs backing agribusiness startups at Series A
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