Entobel completes $30M investment round

Entobel is working on new product developments in order to ensure its market relevance and competitiveness.

Co-founders Gaetan Crielaard and Alexandre de Caters said that capital efficiency and robust technology 'is the right approach to massive scaling up.'

The company produces insect-based ingredients from Black Soldier Flies in various industries including the animal feed, pet food, and fertilizer industry. Currently, it has 3 main products in its portfolio: insect meal, insect oil, and organic fertilizer.  

The fund was led by Mekong Enterprise Fund IV ($25M /€23.8M) and Dragon Capital ($5M / €4.7M).  

Feed additive research company Adisseo and Entobel recently agreed to initiate an R&D collaboration to better understand and enhance insect rearing performance and the nutritional requirement of insects.