About Aspire Food Group
Aspire Food Group is a company based in Austin (United States) founded in 2013 by Gabe Mott.. Aspire Food Group has raised $49 million across 6 funding rounds from investors including NGen and Sustainable Development Technology Canada. Aspire Food Group has completed 1 acquisition, including EXO Protein. Aspire Food Group offers products and services including Cricket Powder. Aspire Food Group operates in a competitive market with competitors including All Things Bugs, Bugeater Foods, Bitty Foods, Ovipost and Cowboy Cricket Farms, among others.
- Headquarter Austin, United States
- Founders Gabe Mott
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Sectors
ConsumerAgriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Aspire Farms Private Limited
- Date of Incorporation 15 Dec, 1995
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$1.21 M (USD)-2.73as on Mar 31, 2022
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Net Profit
$6.16 K (USD)-26.71as on Mar 31, 2022
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EBITDA
$-83.88 K (USD)-237.79as on Mar 31, 2022
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Total Equity Funding
$49 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
NGen
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Aspire Food Group
Aspire Food Group offers a comprehensive portfolio of products and services, including Cricket Powder. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Sustainable protein derived from farmed crickets for food applications.
Funding Insights of Aspire Food Group
Aspire Food Group has successfully raised a total of $49M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
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First Round
First Round
(24 Sep 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series B - Aspire Food Group | Valuation |
investors |
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| Feb, 2021 | Amount | Grant - Aspire Food Group | Valuation |
investors |
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| Jun, 2020 | Amount | Grant - Aspire Food Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aspire Food Group
Aspire Food Group has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include NGen and Sustainable Development Technology Canada. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on investing in clean tech sectors
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Founded Year | Domain | Location | |
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Advanced manufacturing and technology are advanced by NGen foundation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aspire Food Group
Aspire Food Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include EXO Protein. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Protein bars are manufactured from cricket flour by Exo.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Aspire Food Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aspire Food Group Comparisons
Competitors of Aspire Food Group
Aspire Food Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as All Things Bugs, Bugeater Foods, Bitty Foods, Ovipost and Cowboy Cricket Farms, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insect-based protein ingredients are developed and provided via cricket powder.
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| domain | founded_year | HQ Location |
Manufactures and brands insect-protein based shakes for health-conscious consumers.
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| domain | founded_year | HQ Location |
Specializes in developing insect-based baking mixes and cookies for consumers.
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| domain | founded_year | HQ Location |
Developer of tools for efficient insect farming
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| domain | founded_year | HQ Location |
Insect-based snacks featuring crickets and powder are supplied.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aspire Food Group
Frequently Asked Questions about Aspire Food Group
When was Aspire Food Group founded?
Aspire Food Group was founded in 2013.
Where is Aspire Food Group located?
Aspire Food Group is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Aspire Food Group a funded company?
Aspire Food Group is a funded company, having raised a total of $49M across 6 funding rounds to date. The company's 1st funding round was a Grant of $10M, raised on Sep 24, 2013.
What is the annual revenue of Aspire Food Group?
Annual revenue of Aspire Food Group is $1.21M as on Mar 31, 2022.
What does Aspire Food Group do?
Aspire Food Group was founded in 2013 and is based in Austin, United States. Operations focus on breeding edible insects for food production in the alternative protein sector. Cricket breeding occurs in Mexico, while palm weevil breeding is conducted in Ghana. Insect-based foods and ingredients are produced and marketed in flour and roasted forms as substitutes for livestock protein.
Who are the top competitors of Aspire Food Group?
Aspire Food Group's top competitors include All Things Bugs, Ovipost and Chapul.
What products or services does Aspire Food Group offer?
Aspire Food Group offers Cricket Powder.
How many acquisitions has Aspire Food Group made?
Aspire Food Group has made 1 acquisition, including EXO Protein.
Who are Aspire Food Group's investors?
Aspire Food Group has 2 investors. Key investors include NGen, and Sustainable Development Technology Canada.