# Inseco (Pty)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/inseco-pty

- Industry: Biotechnology
- Headquarters: Cape Town, South Africa
- Website: www.inseco.co.za
- Total disclosed funding: $5.3M
- Latest round: Seed (Apr 21, 2022)
- Investors on record: 3

## About

Based in Cape Town, South Africa, and founded in 2017 by CEO Simon Hazell, Inseco (Pty) Ltd., a.k.a. Inseco converts organic by-products into insect-based proteins, lipids, and fertilizer which can be used as an ingredient to feed animals and pets, cosmetics, crop production, and more. The company’s products also help businesses divert waste from landfills, generate revenue, and contribute to their carbon footprint. In April 2022, Inseco (Pty) Ltd. raised USD 5.3 million in seed funding led by Futuregrowth Asset Management, with participation from other E4E Africa, Oak Drive Ventures.

The company’s product line includes EntoMeal, which contains a high-quality amino acid profile, micronutrients, and lipids for boosting the health of animals; NutriGrubs, whole dried black soldier fly larvae that contain essential amino acids, bioavailable micronutrients, and Lauric Acid; EntoSoil, an organic fertilizer that contains bioavailable minerals, nitrogen, and nutrients; EntoOil, natural oil that contains lauric acid, and medium-chain fatty acids; EntoEggs, a breeding facility; and EntoChitin produced from insect protein process for cosmetics, antimicrobial food packaging, agriculture, and pharmaceuticals applications.

Inseco plans to use its proceeds from April 2022 funding to increase its productivity and in the research and development to remain on top of the curve.

## Funding rounds

- Seed, Apr 21, 2022, $5.3M — Futuregrowth Asset Management, E4E Africa, Oak Drive Ventures

## Investors

- Futuregrowth Asset Management (https://capitalatlas.ai/funds/futuregrowth-asset-management) — Seed
- E4E Africa (https://capitalatlas.ai/funds/e4e-africa) — Seed
- Oak Drive Ventures (https://capitalatlas.ai/funds/oak-drive-ventures) — Seed