# Tebrito

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tebrito

- Industry: Food
- Headquarters: Sweden
- Website: www.tebrito.se
- Total disclosed funding: $0.3M
- Latest round: Seed (Oct 9, 2019)
- Investors on record: 1

## About

Tebrito AB specializes in producing high-quality insect protein from mealworms, catering to diverse markets including food, animal feed, and gardening sectors with a focus on sustainability and traceability.Founded in 2016 in Sweden, Tebrito AB produces insect-based protein primarily from Tenebrio molitor larvae. The company has not undergone any significant pivots or changes in strategy. Tebrito was founded by Peter Wiker, and Nils Österström currently serves as CEO. The firm has closed 2 deals, most recently raising EUR 0.8 million on December 2, 2020, from investors including ALMI Invest, Crosslight Partners, and Kanopé Impact, bringing the total amount raised to EUR 0.8 million.Tebrito specializes in high-quality protein derived from Tenebrio molitor larvae, offering mealworms for human consumption, animal feed, and pet food ingredients. Their product range includes an award-winning 88% pure protein powder, oil, and chitin, which are utilized in various food applications. Additionally, they produce organic certified mealworm frass, serving as a biostimulant for plants, aimed at improving soil health and supporting sustainable gardening practices. Their clientele spans food manufacturers, pet food companies, and gardening enthusiasts, primarily within European markets such as Sweden.In 2023, Tebrito reported a revenue of EUR 50,257, with an EBITDA of EUR 1,399,901. This revenue is generated through direct sales to businesses in the food and feed industries, leveraging bulk orders and collaborations with retailers to bolster market presence.Tebrito plans to utilize its most recent funding of EUR 0.8 million raised in December 2020 to support the development of new product lines, although specific products and release dates have not been disclosed. The company is targeting expansion into broader European markets to increase its reach beyond Sweden. These initiatives align with the firm’s commitment to sustainability and innovation in the protein sector.

## Funding rounds

- Seed, Oct 9, 2019, $0.3M — ALMI Invest

## Investors

- ALMI Invest — Seed